In February 2025, Nigeria’s inflation fell to 23.18%, with food prices as a major driver. The article ranks the top 10 most expensive states based on inflation rates, with Edo leading at 33.6%.
As of February 2025, Nigeria’s headline inflation rate decreased to 23.18%, continuing a downward trend from 24.48% in January. This marks a reduction of 1.30% from the previous month and an impressive decline from 31.70% in February 2024, largely driven by easing food inflation and reduced cost pressures across various consumer categories.
The data highlights the ten most expensive states in Nigeria as of February 2025, reflecting significant inflation rates and rising living costs primarily driven by food prices. Edo, with the highest inflation rate, indicates severe inflationary challenges, while other states also display considerable economic pressures. As the cost of living continues to rise, it is crucial for consumers and policymakers to monitor these trends closely.
Original Source: nairametrics.com
