Following the rebasing of the Consumer Price Index (CPI) by the National Bureau of Statistics (NBS), Imo State has the highest cost of living in Nigeria with an all-items inflation rate of 17.77 per cent in January 2025. Imo’s food inflation stood at 16.80 per cent .
Prior to the rebasing, food accounted for over 50 per cent of the CPI calculation. With the revised structure, the influence of food prices has been reduced to 40 per cent The updated CPI also includes more product varieties, increasing from 740 to 934 items, and now tracks expenditure on services more comprehensively.
Following Imo State, the two states with the highest inflation rates in January 2025 are.
Ebonyi – All-items inflation rate of 16.13 per cent and food inflation of 16.88 per cent .
Katsina – All-items inflation rate of 15.99 per cent and food inflation of 13.61 per cent.
