The National Bureau of Statistics (NBS) on Tuesday said that the inflation rate decreased from 15.63 per cent in December 2021 to 15.60 per cent in January 2022.
The Statistician-General of the Federation, Dr. Simon Harry broke the news to reporters in Abuja.
Giving the summary, he said: “In summary and in attempt to make a comparison between the January, 2022 and December, 2021 figures, it is important to note that
“Headline Inflation for the month of January, 2022 was 15.60%, while that of December, 2021 was 15.63%.”
He added that Core Inflation for January, 2022 was 13.87% while that of December 2021 was also 13.87%.
According to him: “Food Inflation for January, 2022 was 17.13 percent compared to 17.37%, percent in December, 2021.”
The NBS boss noted that Urban inflation rate stood at 16.17 percent year-on-year in January, 2022 the same with the December, 2021 figure of 16.17%.
On the other hand, according to him, Rural Inflation was 15.06% and 15.11% in January, 2022 and December, 2021 respectively.
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On State–by–State comparison, Harry said, all items inflation on year-on- year basis was highest in Abuja with 18.59% followed by Kogi with 18.28% and Bauchi, 17.61%. On the other hand, he said, Kwara recorded the lowest with 12.94% followed by Niger with 14.10% and Oyo, 14.19%
“Still on State – by – State, food inflation on a year-on-year basis was highest in Kogi with 22.61% followed by Enugu with 19.84% and Akwa-Ibom (19.67%), while Sokoto had 14.18%, Bauchi (14.63%) and Kaduna (15.01%) as the lowest in January 2022,” he said.