The letter, signed by Ms Angela Quintal, Africa Director of the New York-based Committee to Protect Journalists, CPJ; Ms Busola Ajibola, Deputy Director of the Centre for Journalism Innovation and Development, CJID; Mr. Churchill Otieno, President of The Africa Editors Forum, TAEF; Mr. Edetaen Ojo, Executive Director of Media Rights Agenda, MRA; Mr. Lanre Arogundade, Executive Director of the International Press Centre, IPC; and Mr. Musikilu Mojeed, President of the Nigerian chapter of the Vienna-based International Press Institute, IPI, was in response to a recent statement by Vice President Kashim Shettima Mustapha suggesting that no journalists have been harassed in Nigeria since the Tinubu administration took office.

In the letter copied to the Vice President and Mr. Lateef Fagbemi (SAN), Attorney General of the Federation and Minister of Justice, the organisations said they were writing to the president to express alarm over the Vice President’s remarks, noting that “This mischaracterization conveys a grave indifference to the numerous and well-documented attacks on the press while you have been president, including violent abuses and arrests by Nigerian security forces.”

According to them, “on February 27, a State House press release quoted Vice President Shettima as saying to members of the Nigerian Press Council, ‘For the past three years, have you heard of any harassment of journalists?’ He added that your ‘tolerance threshold is so high.’”

The organisations noted that the State House press release also said that the Tinubu administration had promoted “an environment that is conducive for journalists to carry out their duties without harassment.”

However, they said, since President Tinubu assumed office as President of Nigeria in 2023, the CPJ has documented Nigerian authorities detaining journalists without warning and mistreating them in custody, while numerous journalists have been arrested and prosecuted over their reporting, including on defamation and cybercrime charges.

For instance, the organisations said, in August 2024, CPJ documented at least 56 journalists assaulted or harassed by Nigerian security forces or citizens while covering the #EndBadGovernance demonstrations and that masked security forces even fired bullets and tear gas in the direction of 18 working journalists.

Additionally, they pointed out that in 2024, IPC documented 65 cases of attacks on journalists, which varied from physical assault, harassment, threats to life, intimidation, murder, and unlawful and prolonged detentions.

The organisations also cited Media Rights Agenda’s 2025 annual report, which similarly tracked 86 incidents of attacks on press freedom across Nigeria, while noting that IPI Nigeria has identified a pattern of impunity for such incidents in the country.

They said CJID, which tracks media freedom violations, has verified at least 231 attacks on the press since the President took office, and in 2024 wrote to the President’s office urging decisive action to stop such incidents.

The organisations recounted that since 1992, CPJ has documented the killing of at least 23 journalists in Nigeria, as well as two others who are missing and presumed dead, while at least 13 of these journalists are confirmed to have been killed in connection with their work.

They cited the case of one of the journalists, Onifade Emmanuel Pelumi, who was found dead in a mortuary days after he was seen in police custody after being shot while reporting in Lagos in 2020, adding that “Over five years later, despite repeated pleadings, Pelumi’s body has yet to be returned to his family.”

The organisations said: “We have not seen meaningful efforts to end impunity when journalists are targeted, and your government even sought to appeal a court judgment ordering government actions to improve press freedom and the investigation of attacks against the press. Media Rights Agenda filed the case. Nigeria has elections scheduled for early 2027, and we have documented how such moments of political tension often correspond with spikes in attacks on journalists. This is a pattern that should be addressed with informed government actions, but the Vice President’s recent statements demonstrate a clear failure to recognise and respond to the dangers Nigerian journalists face, including from law enforcement tasked with protecting the public.”

They described the remarks as also reminiscent of Nigerian officials’ previous false claims and mischaracterizations about press freedom conditions, insisting that since Vice President Shettima referred to the administration as “a friend of the media”, it is time to match those words with action by holding those responsible for attacks to account, returning Pelumi’s body to his family, and ensuring the periods before, during, and after the coming elections are safe for those who report the news.

The organisations, therefore, called on President Tinubu to hold accountable those responsible for abuses against the media that have taken place during and before his tenure, and to take further action to reform Nigerian laws to ensure journalism is not criminalized as general elections are scheduled for early 2027, and his action to protect the press and Nigerian democracy is essential.

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The NBS disclosed this in its Consumer Price Index, CPI, and Inflation Report for August 2025, which was released in Abuja on Monday.

According to the report, the headline inflation showed a decrease of 1.76  per cent compared to the 21.88  per cent recorded in July.

The report said that on a year-on-year basis, the headline inflation rate was 12.03 per cent  lower than the rate recorded in August 2024 at 32.15 per cent.

Furthermore, the report said that on a month-on-month basis, the headline inflation rate in August was 0.74  per cent, which was 1.25 per cent lower than the rate recorded in July at 1.99 per cent.

“This means that in August, the rate of increase in the average price level was lower than the rate of increase in the average price level in July,” it said

The report attributed the increase in the headline index for August to the increase in some items in the basket of goods and services at the divisional level.

It said that the three major contributors to the headline inflation year on year were food and non-alcoholic beverages at 8.05 per cent, restaurants and  accommodation services at 2.60 per cent, and transport at 2.15 per cent.

It showed that the least contributors were recreation, sport, and culture at 0.06 per cent, alcoholic beverages, tobacco, and narcotics at  0.07 per cent, and insurance and financial services at 0.09 per cent.

The report said that the food inflation rate in August was 21.87 per cent on a year-on-year basis, which was 15.65 percentage points lower compared to the rate recorded in August at 37.52 per cent.

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“The significant decline in the annual food inflation figure is technically due to the change in the base year.”

It said that on a month-on-month basis, the food inflation rate in August was 1.65 per cent, which decreased by 1.47  per cent compared to the 3.12 per cent recorded in July.

The NBS report attributed the decrease in food inflation to the reduction in average prices of items.

It listed such items to include imported and local rice,  guinea corn flour, maize flour sold loose, guinea corn (sorghum), jillet, semolina and soya milk.

It said that all items less farm produce and energy or core inflation, which excludes the prices of volatile agricultural produce and energy, stood at 20.33 per cent in August on a year-on-year basis.

“On a month-on-month basis, the core inflation rate was 1.43  per cent in August, which increased by 0.46 per cent compared to the 0.97 per cent recorded in July,” it said.

The report said that on a year-on-year basis in August 2025, the urban inflation rate was 19.75 per cent.

“On a month-on-month basis, the urban inflation rate was 0.49 per cent, which decreased  by 1.37 per cent compared to July at 1.86  per cent.”

It said that in August, the rural inflation rate was 20.28  per cent on a year-on-year basis.

“On a month-on-month basis, the rural inflation rate was 1.38 per cent, which increased by 0.92 per cent compared to July at 2.30 per cent.”

On states’ profile analysis, the report showed that in August, the all-items index inflation rate on a year-on-year basis was highest in Ekiti at 28.17 per cent.

“This is followed by  Kano at 27.27 per cent and Oyo at 26.58 per cent,” it said.

It said that the slowest rise in headline inflation on a year-on-year basis was recorded in Zamfara 11.82 per cent, followed by Anambra at 14.16 per cent, and Enugu at 14.20 per cent.

The report, however, said that in August, the inflation rate on a month-on-month basis was highest in Yobe at 9.20  per cent, followed by Katsina at 8.59 per cent, and Sokoto at 6.57 per cent.

“Enugu was -5.32 per cent, followed by Taraba at -3.64 per cent and Nasarawa at -3.56  per cent recorded the slowest rise in month-on-month inflation.”

The report said that on a year-on-year basis, food inflation was highest in Borno at 36.67 per cent, followed by Kano at 30.44  per cent and Akwa Ibom at 29.85  per cent.

It said that Zamfara at 3.20 per cent, followed by Yobe at 3.60  per cent and Sokoto 6.34 per cent recorded the slowest rise in food inflation on a year-on-year basis.’

It said that on a month-on-month basis, food inflation was highest in Kaduna at 9.37 per cent, followed by Katsina at 9.05 per cent, and  Akwa Ibom at 7.87  per cent.

“Bayelsa at -9.52 per cent, Sokoto at  -8.92 per cent and Borno at  -8.74 per cent, recorded the slowest rise in inflation on a month-on-month basis.”

The NBS said that based on the recent rebasing of the CPI, it rose to 126.8 in August, which reflected a 0.9   point increase from 125.9 in July.

The NBS recently rebased the CPI, bringing the base year closer to the current period, from 2009 to 2024, with 2023 as the reference period for expenditure weights.

Source: NAN

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This is contained in a statement by Mr  Folorunso Alesanmi, Head, Public Relations, NBS, issued to newsmen on Tuesday  in Abuja.

According to the statement,  the innovative approach to data collection marks a significant milestone in the NBS’s efforts, to provide timely and accurate statistical information to policymakers, researchers and the general public.

It said the crowd-sourcing initiative, which started several months ago, aimed to compile price data daily, from a wide range of sources, including open markets and supermarkets.

Other sources, it said, included neighbourhood shops, bulk and discount stores, street outlets and Large Shops.

The statement noted that data released today provided insights into prices of essential food items such as rice (local), beans (white), maize (white), garri, yam and others, commonly consumed by Nigerians, while offering a snapshot of daily food costs.

“The NBS plans to update this data daily, equipping entrepreneurs, policymakers and researchers with a valuable tool for tracking price movements and informing decision-making,” it stated.

The statement added that data collection was done in all the 36 states, the FCT and in all the Senatorial districts.

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It noted that by leveraging the power of crowd-sourcing, the bureau was able to collect a vast amount of data that would help provide a more accurate picture of price movements in the economy.

The statement quoted Adeyemi Adeniran, Statistician-General of the Federation, as saying “we are thrilled to release our first prices data compiled through crowd-sourcing.

“This initiative represents a major step forward in our efforts to harness the power of technology and innovation to improve the quality and timeliness of our statistical data.”

It added that the crowd-sourced data was accessible to the public through a dedicated public dashboard, where users could view, analyse and download the data in real time, further enhancing transparency and accessibility.

“The NBS crowd-sourcing initiative aims to modernise data collection, providing timely and accurate statistics.

“The bureau hereby invites citizens to participate by submitting price data and feedback to build a robust statistical system for a rapidly changing economy,” the statement said.

According to the statement, the NBS remained committed to ensuring the quality and accuracy of the data collected through crowd-sourcing.

“To this end, the agency has implemented a range of quality control measures, including data validation and verification processes, to ensure that the data is reliable and trustworthy,” it said.

It said the release of the crowd-sourced prices data, was a significant achievement for the NBS and demonstrated  the agency’s commitment to innovation and collaboration.

“By working together with citizens and leveraging technology, the NBS can provide more timely and accurate statistical information that will help to drive economic growth and development,” it said.

However, the statement also said that the price data compiled through crowd-sourcing was not the same as the ones compiled for the Consumer Price Index (CPI).

“Prices data for CPI computation are collected on specific or predetermined outlets, every second and third week of the month.

“But, prices data collected via crowd-sourcing, are collected randomly from different respondents every day.

“As we engage in this collaborative effort with the public, we welcome feedback from stakeholders that will propel us for improvement,” it stated.

The statement urged the public and other stakeholders to visit the NBS website at www.nigerianstat.gov.ng. for more information about the crowd-sourced prices data.

Source: NAN

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The NBS said this in its Consumer Price Index, CPI, and Inflation Report for August 2024, which was released in Abuja on Monday.

According to the report, the figure is 1.25 per cent points lower compared to the 33.40 per cent recorded in July 2024.

It said on a year-on-year basis, the headline inflation rate in August 2024 was 6.35 per cent higher than the rate recorded in August 2023 at 25.80 per cent.

In addition, the report said on a month-on-month basis, the headline inflation rate in August 2024 was 2.22 per cent, which was 0.06 per cent lower than the rate recorded in July 2024 at 2.28 per cent.

“This means that in August 2024, the rate of increase in the average price level is lower than the rate of increase in the average price level in July 2024.”

The report said the increase in the headline index for August 2024 on a year-on-year basis and month-on-month basis was attributed to the increase in some items in the basket of goods and services at the divisional level.

It said the increases were observed in food and non-alcoholic beverages, housing, water, electricity, gas, and other fuel, clothing and footwear, and transport.

Others were furnishings, household equipment and maintenance, education, health, miscellaneous goods and services, restaurants and hotels, alcoholic beverages, tobacco and kola, recreation and culture, and communication.

It said the percentage change in the average CPI for the 12 months ending August 2024 over the average of the CPI for the previous corresponding 12-month period was 31.26 per cent.

“This indicates an 8.88 per cent increase compared to 22.38 per cent recorded in August 2023.”

The report said the food inflation rate in August 2024 increased to 37.52 per cent on a year-on-year basis, which was 8.18 per cent higher compared to the rate recorded in August 2023 at 29.34 per cent.

“The rise in food inflation on a year-on-year basis is caused by increases in prices of bread, maize, grains, guinea corn, yam, Irish potatoes, water yam, cassava tuber.

“Others are palm oil, vegetable oil, Ovaltine, Milo, Lipton, etc.”

It said on a month-on-month basis, the food inflation rate in August was 2.37 per cent, which was a 0.10 per cent decrease compared to the rate recorded in July 2024 at 2.24 per cent.

“The decline in food inflation on a month-on-month basis was caused by a decrease in the average prices of tobacco, tea, cocoa, coffee, groundnut oil, and milk.

“Others are yam, Irish potatoes, water yam, cassava tuber, palm oil, and vegetable etc.”

The report said that “all items less farm produce and energy’’ or core inflation, which excludes the prices of volatile agricultural produce and energy, stood at 27.58 per cent in August on a year-on-year basis.

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“This increased by 6.43 per cent compared to 21.15 per cent recorded in August 2023.

“The exclusion of the PMS is due to the deregulation of the commodity by removal of subsidy.”

It said the highest increases were recorded in prices of rents, bus journey intercity, journey by motorcycle, etc.

“Others are accommodation service, laboratory service, x-ray photography, consultation fee of a medical doctor, among others.”

The NBS said on a month-on-month basis, the core inflation rate was 2.27 per cent in August 2024.

“This indicates a 0.11 per cent increase compared to what was recorded in July 2024 at 2.16 per cent.

“The average 12-month annual inflation rate was 25.18 per cent for the 12 months ending August 2024, this was 6.00 per cent points higher than the 19.18 per cent recorded in August 2023.”

The report said on a year-on-year basis in August 2024, the urban inflation rate was 34.58 per cent, which was 6.89 per cent higher compared to the 27.69 per cent recorded in August 2023.

“On a month-on-month basis, the urban inflation rate was 2.39 per cent, which decreased by 0.07 per cent compared to July 024 at 2.46 per cent.’’

The report said on a year-on-year basis in August 2024, the rural inflation rate was 29.95 per cent, which was 5.87 per cent higher compared to the 24.10 per cent recorded in August 2023.

“On a month-on-month basis, the rural inflation rate was 2.06 per cent, which decreased by 0.04 per cent compared to July 2024 at 2.10 per cent.’’

On states’ profile analysis, the report showed that in August, all items’ inflation rate on a year-on-year basis was highest in Bauchi at 46.46 per cent, followed by Kebbi at 37.51 per cent, and Jigawa at 37.43 per cent.

It, however, said the slowest rise in headline inflation on a year-on-year basis was recorded in Benue at 25.13 per cent, followed by Delta at 28.86 per cent, and Imo at 28.05 per cent.

The report, however, said in August 2024, all items inflation rate on a month-on-month basis was highest in Kwara at 4.45 per cent, followed by Bauchi at 4.22 per cent, and Adamawa at 3.99 per cent.

“Ogun at at 0.21 per cent, followed by Abuja at 0.92 per cent and Kogi at 1.14 per cent recorded the slowest rise in month-on-month inflation.”

The report said on a year-on-year basis, food inflation was highest in Sokoto at 46.98 per cent, followed by Gombe at 43.25 per cent, and Yobe at 43.21 per cent.

“Benue at 33.33 per cent, followed by Rivers at 33.01 per cent and Bayelsa at 33.36 per cent recorded the slowest rise in food inflation on a year-on-year basis.’’

The report, however, said on a month-on-month basis, food inflation was highest in Adamawa at 5.46 per cent, followed by Kebbi at 4.48 per cent, and Borno at 3.88 per cent.

“Ogun at 0.08 per cent, followed by Akwa Ibom at 0.45 per cent and Sokoto at 1.00 per cent, recorded the slowest rise in inflation on a month-on-month basis.”

Source: NAN

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This is contained in the NBS Consumer Price Index, CPI, and Inflation Report for July, which was released on Thursday in Abuja.

The figure is 0.8 per cent points lower than 34.19 per cent recorded in June.

On a year-on-year basis, the headline inflation rate in July 2024 was 9.32 per cent higher than the rate recorded in July 2023 at 24.08 per cent.

On a month-on-month basis, the headline inflation rate in July 2024 was 2.28 per cent, which was 0.03 per cent lower than the rate recorded in June 2024 at 2.31 per cent.

“This means that in July 2024, the rate of increase in the average price level is lower than the rate of increase in the average price level in June 2024,” the report read in part.

The increase in the headline index for July 2024 on a year-on-year basis and month-on-month basis was attributed to the rise in prices of some goods and services at the divisional level.

These increases were observed in food and non-alcoholic beverages, housing, water, electricity, gas, and other fuel, clothing and footwear, and transport.

Others were furnishings, household equipment and maintenance, education, health, miscellaneous goods and services, restaurants and hotels, alcoholic beverages, tobacco and kola, recreation and culture, and communication.

The percentage change in the average CPI for the 12 months ending July 2024 over the average of the CPI for the previous corresponding 12-month period was 30.76 per cent.

“This indicates an 8.84 per cent increase compared to 21.92 per cent recorded in July 2023.”

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Food inflation rate in July 2024 increased to 39.53 per cent on a year-on-year basis, which was 12. 55 per cent higher compared to the rate recorded in July 2023 at 26.98 per cent.

“The rise in food inflation on a year-on-year basis is caused by increases in prices of semovita, yam flour, wheat flour, yam, Irish potatoes, water yam, etc.

“Others are groundnut oil, palm oil, milo, bournvita, Ovaltine, etc.”

On a month-on-month basis, the food inflation rate in July was 2.47 per cent, which was a 0.08 per cent decrease compared to the rate recorded in June 2024 at 2.55 per cent.

“The fall in food inflation on a month-on-month basis was caused by a decrease in the average prices of tin milk, baby powdered milk, mudfish, fresh fish, snail, etc.

“Others are date palm fruit, watermelon, garri, akpu, exercise books, textbooks, turkey meat, minced pork, etc.

“All items less farm produce and energy or core inflation, which excludes the prices of volatile agricultural produce and energy stood at 27.47 per cent in July on a year-on-year basis.

“This increased by 6.99 per cent compared to 20.47 per cent recorded in July 2023.

“The exclusion of PMS is due to the deregulation of the commodity by removal of subsidy,” the report noted.

The highest increases were recorded in prices of rents, bus journey intercity, journeys by motorcycle, etc.

“Others are accommodation service, laboratory service, x-ray photography, consultation fee of a medical doctor, among others.”

The NBS said on a month-on-month basis, the core inflation rate was 2.16 per cent in July 2024.

“This indicates a 0.10 per cent increase compared to what was recorded in June 2024 at 2.06 per cent.

“The average 12-month annual inflation rate was 24.65 per cent for the 12 months ending July 2024; this was 5.81 per cent points higher than the 18.84 per cent recorded in July 2023.”

The report said on a year-on-year basis in July 2024, the urban inflation rate was 35.77 per cent, which was 9.94 per cent higher compared to the 25.83 per cent recorded in July 2023.

“On a month-on-month basis, the urban inflation rate was 2.46 per cent, which decreased by 0.003 per cent compared to June 2024 at 2.46 per cent.’’

On a year-on-year basis in July 2024, the rural inflation rate was 31.26 per cent, which was 8.77 per cent higher compared to the 22.49 per cent recorded in July 2023.

“On a month-on-month basis, the rural inflation rate was 2.10 per cent, which decreased by 0.07 per cent compared to June 2024 at 2.17 per cent.’’

On states’ profile analysis, the report showed that in July, all items’ inflation rate on a year-on-year basis was highest in Bauchi at 46.04 per cent, followed by Jigawa at 40.77 per cent, and Kebbi at 37.47 per cent.

However, the slowest rise in headline inflation on a year-on-year basis was recorded in Benue at 27.28 per cent, followed by Delta at 28.06 per cent, and Borno at 28.33 per cent.

In July 2024, all items inflation rate on a month-on-month basis was highest in Abuja at 3.91 per cent, followed by Borno at 3.84 per cent, and Enugu at 3.76 per cent.

“Taraba at 0.71 per cent, followed by Kwara at 0.62 per cent and Ondo at 0.91 per cent recorded the slowest rise in month-on-month inflation.”

The report said on a year-on-year basis, food inflation was highest in Sokoto at 46.26 per cent, followed by Jigawa at 46.05 per cent, and Enugu at 44.06 per cent.

“Adamawa at 33.48 per cent, followed by Bauchi at 35.10 per cent and Benue at 36.41 per cent recorded the slowest rise in food inflation on a year-on-year basis.’’

The report, however, said on a month-on-month basis, food inflation was highest in Borno at 5.07 per cent, followed by Sokoto at 4.99 per cent, and Enugu at 4.17 per cent.

“With Kwara at 0.51 per cent, followed by Taraba at 0.56 per cent and Ondo at 0.68 per cent, recorded the slowest rise in inflation on a month-on-month basis.”

Source: NAN

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The NBS disclosed this in its Consumer Price Index, CPI, and Inflation Report for August, which was released in Abuja on Friday.

According to the report, the figure, which  is 1.72 per cent points higher compared to the 24.08 per cent recorded in July 2023.

It said on a year-on-year basis, the headline inflation rate in August was 5.27 per cent higher than the rate recorded in August 2022 at 20.52 per cent.

“This shows that the headline inflation rate (year-on-year basis) increased in August 2023 when compared to the same period in August 2022.”

The report said the contributions of items on the divisional level to the increase in the headline index are food and non-alcoholic beverages at 13.36 per cent and housing, water, electricity, gas, and other fuel at 4.32 per cent.

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Others were clothing and footwear at 1.97 per cent; transport at 1.68 per cent; furnishings, household equipment and maintenance at 1.30 per cent education at 1.02 per cent, and health at 0.78 per cent.

“Miscellaneous goods and services at 0.43 per cent; restaurant and hotels at 0.31 per cent; alcoholic beverage, tobacco and kola at 0.28 per cent; recreation and culture at 0.18 per cent, and communication at 0.18 per cent.”

In addition, the report said, on a month-on-month basis, the headline inflation rate in August 2023 was 3.18 per cent, which was 0.29 per cent higher than the rate recorded in July 2023 at 2.89 per cent.

“This means that in August 2023, on average, the general price level was 0.29 per cent higher relative to July 2023.”

It said the percentage change in the average CPI for the 12 months ending August 2023 over the average of the CPI for the previous 12-month period was 22.38 per cent.

“This indicates a 5.31 per cent increase compared to 17.07 per cent recorded in August 2022.”

The report said the food inflation rate in August was 29.34 per cent on a year-on-year basis, which was 6.22 per cent higher compared to the rate recorded in August 2022 at 23.12 per cent.

“The rise in food inflation is caused by increases in prices of oil and fats, bread and cereals, fish, potatoes, yams and other tubers, fruits, meat, vegetable, milk, cheese and eggs.”

It said on a month-on-month basis, the food inflation rate in August was 3.87 per cent, which was a 0.41 per cent rise compared to the rate recorded in July at 3. 45 per cent.

“The rise in food inflation on a month-on-month basis was caused by increases in prices of bread and cereals, potatoes, yam and other tubers, fish, oil, and fat, coffee, tea and cocoa.”

The report said the “All items less farm produce’’ or core inflation, which excludes the prices of volatile agricultural produce stood at 21.15 per cent in August on a year-on-year basis.

“This increased by 4.03 per cent compared to 17.12 per cent recorded in August 2022.’’

It said the highest increases were recorded in prices of passenger transport by air and road, gas, vehicle spare parts, medical services, maintenance, and repair of personal transport equipment, etc.

The NBS said on a month-on-month basis, the core inflation rate was 2.18 per cent in August 2023.

“This indicates a 0.07 per cent rise compared to what was recorded in July 2023 at 2.11 per cent.

“The average 12-month annual inflation rate was 19.18 per cent for the 12 months ending August 2023, this was 4.38 per cent points higher than the 14.80 per cent recorded in August 2022.”

The report said on a year-on-year basis in August, the urban inflation rate was 27.69 per cent, which was 6.73 per cent higher compared to the 20.95 per cent recorded in August 2022.

“On a month-on-month basis, the urban inflation rate was 3.29 per cent in August representing a 0.24 per cent rise compared to July 2023 at 3.05 per cent.’’

The report said on a year-on-year basis in August, the rural inflation rate was 24.10 per cent, which was 3.98 per cent higher compared to the 20.12 per cent recorded in August 2022.

“On a month-on-month basis, the rural inflation rate was 3.08 per cent, which increased by 0.34 per cent compared to July 2023 at 2.74 per cent.’’

On states’ profile analysis, the report showed in August, all items inflation rate on a year-on-year basis was highest in Kogi at 31.50 per cent, followed by Lagos at 29.17 per cent, and Rivers at 29.06 per cent.

It, however, said the slowest rise in headline inflation on a year-on-year basis was recorded in Sokoto at 20.91 per cent, followed by Borno at 21.77 per cent, and Nasarawa at 22.25 per cent.

The report, however, said in August 2023, all items inflation rate on a month-on-month basis was highest in Kwara at 6.07 per cent, Osun at 4.36 per cent, and Kogi at 4.35 per cent.

“Sokoto at 1.38 per cent, followed by Borno at 1.73 per cent and Ogun at 1.89 per cent recorded the slowest rise in month-on-month inflation.”

The report said on a year-on-year basis, food inflation was highest in Kogi at 38.84 per cent, followed by Lagos at 36.04 per cent, and Kwara at 35.33 per cent.

“Sokoto at 20.09 per cent, followed by Nasarawa at 24.35 per cent and Jigawa at 24.53 per cent recorded the slowest rise in food inflation on a year-on-year basis.’’

The report, however, said on a month-on-month basis, food inflation was highest in Rivers at 7.12 per cent, followed by Kwara at 5.89 per cent and Kogi at 5.80 per cent.

“With Sokoto at 0.50 per cent, followed by Abuja at 1.30 per cent and Niger at 1.40 per cent recorded the slowest rise on month-on-month food inflation.’’

Source: NAN

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This is according to the NBS Consumer Price Index, CPI, and Inflation Report for May 2023 released in Abuja on Thursday.

According to the report, the figure is 0.19 per cent points higher compared to the 22.22 per cent recorded in April 2023.

It said on a year-on-year basis, the headline inflation rate in May 2023 was 4.70 per cent higher than the rate recorded in May 2022 at 17.71 per cent.

“This shows that the headline inflation rate (year-on-year basis) increased in May 2023  compared to the same period in May 2022.”

The report said the contributions of items on the divisional level to the increase in the headline index are food and non-alcoholic beverages at 11.61 per cent and housing, water, electricity, gas and other fuel at 3.75 per cent.

Others include clothing and footwear at 1.71 per cent; transport at 1.46 per cent; furnishings, household equipment and maintenance at 1.13 per cent and education at 0.88 per cent, health at 0.67 per cent.

“Miscellaneous goods and services at 0.37 per cent; restaurant and hotels at 0.27 per cent; alcoholic beverage, tobacco and kola at 0.24 per cent; recreation and culture at 0.15 per cent and communication at 0.15 per cent.”

The percentage change in the average CPI for the 12 months ending May 2023 over the average of the CPI for the previous 12 months period was 21.20 per cent.

“This indicates a 4.75 per cent increase compared to the 16.45 per cent recorded in May 2022.’’

It said increases were recorded in all Classification of Individual Consumption by Purpose, COICOP, divisions that yielded the headline index.

The report said the food inflation rate in May 2023 was 24.82 per cent on a year-on-year basis, which was 5.33 per cent higher compared to the rate recorded in May 2022 at 19.50 per cent.

“The rise in food inflation is caused by increases in prices of bread and cereals, potatoes, yams and other tubers, and oil and fat, fish, vegetable, fruits, meat, and spirits.”

It said on a month-on-month basis, the food inflation rate in May was 2.19 per cent, which was a 0.06 per cent rise compared to the rate recorded in April 2023 at 2.13 per cent.

The report said the “All items less farm produce’’ or Core inflation, which excludes the prices of volatile agricultural produce stood at 20.06 per cent in May 2023 on a year-on-year basis.

“This increased by 5.16 per cent compared to 14.90 per cent recorded in May 2022.

“On a month-on-month basis, the core inflation rate was 1.81 per cent in May 2023, which was a 0.37 per cent rise compared to what it stood at in April 2023 at 1.46 per cent.”

According to the report, the highest increases were recorded in prices of gas, passenger transport by Air, liquid fuel, fuels, lubricants for Personal transport equipment, and vehicles spare parts.

“Others are passenger transport by road, medical services among others.

“The average 12-month annual inflation rate was 17.33 per cent for the 12 months ending May 2023; this was 4.50 per cent points higher than the 13.83 per cent recorded in May 2022.”

Source: NAN

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This is according to the NBS Consumer Price Index, CPI, and Inflation Report for March 2023 released in Abuja on Monday.

According to the report, the figure is 0.13 per cent points higher compared to the 21.91 per cent recorded in February 2023.

It said on a year-on-year basis, the headline inflation rate in March 2023 was 6.13 per cent higher than the rate recorded in March 2022 at 15.92 per cent.

“This shows that the headline inflation rate (year-on-year basis) increased in March 2023 when compared to the same period in March 2022.”

The report said the contributions of items on the divisional level to the increase in the headline index are food and non-alcoholic beverages at 11.42 per cent and housing, water, electricity, gas and other fuel at 3.69 per cent.

Others are clothing and footwear at .69 per cent; transport at 1.43 per cent; furnishings, household equipment and maintenance at 1.11 per cent and education at 0.87 per cent and health at 0.66 per cent.

“Miscellaneous goods and services at 0.37 per cent; restaurant and hotels at 0.27 per cent; alcoholic beverage, tobacco and kola at 0.24 per cent; recreation and culture at 0.15 per cent and communication at 0.15 per cent.”

It said the percentage change in the All-Items Index in March 2023 was 1.86 per cent on a month-on-month basis.

“This indicates a 0.15 per cent increase compared to the 1.71 per cent recorded in February 2023.

“This means that in March 2023, on average, the general price level was 0.15 per cent higher relative to February 2023.”

The percentage change in the average CPI for the 12 months ending March 2023 over the average of the CPI for the previous 12 months period was 20.37 per cent.

“This indicates a 3.83 per cent increase compared to the 16.54 per cent recorded in March 2022.’’

It said increases were recorded in all Classification of Individual Consumption by Purpose, COICOP, divisions that yielded the headline index.

The report said the food inflation rate in March 2023 was 24.45 per cent on a year-on-year basis, which was 7.25 per cent higher compared to the rate recorded in March 2022 at 17.20 per cent.

“The rise in food inflation is caused by increases in prices of bread and cereals, potatoes, yams and other tubers, and oil and fat, fish, vegetable, fruits, meat, and spirits.”

It said on a month-on-month basis, the food inflation rate in March was 2.07 per cent, which was a 0.16 per cent rise compared to the rate recorded in February 2023 at 1.90 per cent.

The report said the “All items less farm produce’’ or Core inflation, which excludes the prices of volatile agricultural produce stood at 19.86 per cent in March 2023 on a year-on-year basis.

“This increased by 5.94 per cent compared to 13.91 per cent recorded in March 2022.’’

“On a month-on-month basis, the core inflation rate was 1.84 per cent in March 2023, which was a 0.78 per cent rise compared to what it stood at in February 2023 at 1.06 per cent.”

According to the report, the highest increases were recorded in prices of gas, passenger transport by air, liquid fuel, fuels, lubricants for personal transport equipment, and vehicles spare parts.

“Others are maintenance and repair of personal transport equipment and solid fuel, medical services, and passenger transport by road, among others.

“The average 12-month annual inflation rate was 17.41 per cent for the 12 months ending March 2023; this was 3.85 per cent points higher than the 13.56 per cent recorded in March 2022.”

The report said on a year-on-year basis in March 2023, that the urban inflation rate was 23.07 per cent, which was 6.63 per cent higher compared to the 16.44 per cent recorded in March 2022.

“On a month-on-month basis, the urban inflation rate was 2.00 per cent in March 2023, representing a 0.15 per cent rise compared to February 2023 at 1.85 per cent.’’

It said the corresponding 12-month average for the urban inflation rate was 21.00 per cent in March 2023.

“This was 3.90 per cent higher compared to the 17.10 per cent reported in March 2022.’’

The report said on a year-on-year basis in March 2023, the rural inflation rate was 21.09 per cent, which was 5.67 per cent higher compared to the 15.42 per cent recorded in March 2022.

“On a month-on-month basis, the rural inflation rate in March 2023 was 1.72 per cent, which increased by 0.14 per cent compared to February 2023 at 1.58 per cent.’’

It said the corresponding 12-month average for the rural inflation rate in March 2023 was 19.79 per cent, which was 3.79 per cent higher compared to the 16.00 per cent recorded in March 2022.

On states’ profile analysis, the report showed in March 2023, all items inflation rate on a year-on-year basis was highest in Ondo at 25.38 per cent, followed by Bayelsa at 24.80 per cent, and Lagos at 24.66 per cent.

It, however, said the slowest rise in headline year-on-year inflation was recorded in Borno at 10.18 per cent, followed by Cross River/Sokoto at 19.24 per cent, and Benue at 20.01 per cent.

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The report, however, said in March 2023, all items inflation rate on a month-on-month basis was highest in Bayelsa at 2.58 per cent, Nasarawa at 2.54 per cent and Lagos at 2.41 per cent.

“Anambra at 1.03 per cent followed by Ebonyi at 1.14 per cent and Zamfara at 1.27 per cent recorded the slowest rise in month-on-month inflation.”

The report said food inflation in March 2023, on a year-on-year basis, was highest in Kwara at 28.48 per cent, followed by Ondo at 28.22 per cent, and Lagos at 27.92 per cent.

“Sokoto at 18.99 per cent, followed by Zamfara at 20.57 per cent and Plateau at 21.38 per cent recorded the slowest rise in food inflation on a year-on-year basis.’’

The report, however, said on a month-on-month basis, March 2023 food inflation was highest in Bayelsa at 3.11 per cent, followed by Rivers at 3.00 per cent, and Ondo at 2.98 per cent.

“With Bauchi at 1.03 per cent, followed by Zamfara at 1.08 per cent and Ogun at 1.13 per cent recorded the slowest rise on month-on-month inflation.’’

Source: NAN

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