*As Nigeria’s inflation rate hit 13.71% in September
Bauchi and Zamfara states led the rising pace of price increases across the country in September.
The two states are the most challenged in terms of the battle against Boko Haram terrorists and activities of bandits.
Meanwhile the country’s annual inflation rate rose for the 13th consecutive month to 13.71% in September from 13.22% in August, reflecting continued increase in the price of food items.
The continued rise in prices of food items was led by increase in price bread, and Cereals, Potatoes, Yam and other tubers, Meat, Fish, Fruits and Oils and fats.
Disclosing this in its Consumer Price Index report for September 2020, the National Bureau of Statistics, NBS, said: “The consumer price index, (CPI) which measures inflation increased by 13.71 percent (year-on-year) in September 2020. This is 0.49 percent points higher than the rate recorded in August 2020 (13.22) percent.
“In September 2020, all items inflation on year on year basis was highest in Bauchi (17.85%), Zamfara (17.42%) and Kogi (16.66%), while Lagos (11.19%), Abuja (10.59%) and Kwara (10.53%) recorded the slowest rise in headline Year on Year inflation.
“On month on month basis however, September 2020 all items inflation was highest in Bauchi (3.36%), Kogi (2.63%) and Zamfara (2.75%), while Nasarawa (0.66%), Abuja (0.64%) and Ondo (0.31%) recorded the slowest rise in headline month on month inflation.
“In September 2020, food inflation on a year on year basis was highest in Zamfara (20.94%),Kogi (19.06%) and Plateau/Yobe (18.90%), while Nasarawa (13.94%), Lagos (13.87%) and ondo (13.59%) recorded the slowest rise.
“On month on month basis however, September 2020 food inflation was highest in Zamfara (3.65%), Anambra (3.19%) and Kaduna (3.15%), while Nasarawa (0.51%) and Abuja (0.15%) recorded the slowest rise with Ondo recording price deflation or negative inflation (general decrease in the general price level of food or a negative food inflation rate).”