Full list: 10 states with highest rise in food prices in Nigeria as families struggle to eat

The National Bureau of Statistics (NBS) has revealed that the food inflation rate in February 2024 was 37.92% on a year-on-year basis.

This is 13.57% points higher compared to the rate recorded in February 2023 (24.35%).

On a month-on-month basis, the food inflation rate in February 2024 was 3.79%, which was 0.58% higher than the rate recorded in January 2024 (3.21%).

The statistics body disclosed this in its consumer price report for January 2024 published on its website.

Breakdown of state food price changes

The report stated that the rise in food inflation on a year-on-year basis was caused by increased prices of bread and cereals, potatoes, yam and other tubers, fish, oil and fat, meat, fruit, coffee, tea, and cocoa.

NBS added: "The rise in the Food inflation on a Month-on-Month basis was caused by a rise in the rate of increase in the average prices of Bread and Cereals, Potatoes, Yam & Other Tubers, Fish, Coffee, Tea, and Cocoa.

"The average annual rate of Food inflation for the twelve months ending February 2024 over the previous twelve-month average was 30.07%, which was a 7.95% points increase from the average annual rate of change recorded in February 2023(22.12%)."

Top 10 states with the highest rise in food inflation

Kogi 46.32%

Rivers 44.34%

Kwara 43.05%

Imo 42.99%

Ebonyi 41.63%

Osun 41.88%

Abia 41.04%

Akwa Ibom 41.44%

Ondo 41.42%

Delta 40.83%