• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Metrics

Ten most expensive states to live in Nigeria based on inflation Rate – August 2023

Research Team by Research Team
September 16, 2023
in Metrics, Rankings
Ten most expensive states to live in Nigeria based on inflation Rate – August 2023
Share on FacebookShare on TwitterShare on Linkedin

Inflation rates are often an economic barometer for understanding the health and well-being of a nation’s economy.

In Nigeria, inflation affects states differently, indicating the varied economic conditions across the country.

As these rates directly impact the cost of living, from essential commodities like food to housing and transportation, it’s crucial to know which states are the most expensive to live in based on their current inflation rates.  

RelatedStories

Single-Digit Inflation, Tier 3 Banks, and Why You Can’t Fight African Governments – Drinks & Mics

Single-Digit Inflation, Tier 3 Banks, and Why You Can’t Fight African Governments – Drinks & Mics

June 14, 2025
“MPR Should Be Over 30%!” — Esili Eigbe Sparks Fire on Drinks and Mics

“MPR Should Be Over 30%!” — Esili Eigbe Sparks Fire on Drinks and Mics

May 31, 2025

Nairametrics takes a look at the ten most expensive states in Nigeria based on the August Food Inflation and All Items Inflation rates. 

The Criteria 

For a comprehensive look, we ranked the states based on a combination of their August Food Inflation and All Items Inflation rates, as these are the two most important indicators affecting everyday life. 


 The Rankings

10. Oyo State

Food Inflation: 31.3%  

All Items Inflation: 28.4% 

Oyo kicks off our list with inflation rates that are high but less alarming compared to others on this list.

9. Ondo State

Food Inflation: 32.8%  

All Items Inflation: 28.2% 

Ondo closely follows Oyo, with only slight differences in food and all items inflation rates.

8. Delta State

Food Inflation: 32.9%  

All Items Inflation: 26.6% 

Delta ranks eighth with its high food inflation being a major concern, compounded by an overall high rate of inflation for all items.

7. Abia State

Food Inflation: 32.2%  

All Items Inflation: 28.0% 

Abia follows Delta but with a slightly higher all-items inflation rate.

6. Rivers State

Food Inflation: 34.0%  

All Items Inflation: 29.1% 

Rivers State presents a balanced but high rate of inflation for both food and all items, reflecting an economic issue that affects almost every sector.

5. Bayelsa State

Food Inflation: 34.1%  

All Items Inflation: 28.6% 

With rates that are closely matched to Rivers State, Bayelsa takes the fifth spot on our list.

4. Ekiti State

Food Inflation: 34.4%  

All Items Inflation: 25.0% 

Ekiti’s alarming food inflation rate is offset by a comparatively lower overall inflation rate, yet it still ranks high on our list.

3. Kwara State

Food Inflation: 35.3%  

All Items Inflation: 26.9% 

Kwara’s inflation rates make it the third most expensive state to live in Nigeria, despite not being a commercial hub like Lagos.

2. Lagos State

Food Inflation: 36.0%  

All Items Inflation: 29.2% 

Lagos, Nigeria’s economic center, ranks second with its exceptionally high inflation rates affecting both food and all items.

1. Kogi State

Food Inflation: 38.8%  

All Items Inflation: 31.5% 

Topping the list is Kogi State with its astronomical food inflation rate of 38.8%, making it the most expensive state to live in Nigeria. 


Optics

Understanding these inflation rates is essential for grasping the economic challenges facing ordinary Nigerians.

  • These high rates erode the purchasing power of the average citizen and have far-reaching impacts on other aspects of life, such as healthcare, education, and housing. 
  • While these figures offer a snapshot of the current situation, it is crucial for both policymakers and the general public to consider them as more than just statistics.
  • They represent real challenges that people face daily, highlighting the urgent need for comprehensive economic policies.  

Efforts must be made to curb inflation, stabilize prices, and improve the living conditions in these states for the well-being of all Nigerians. 


Follow us for Breaking News and Market Intelligence.
Tags: Inflation
Research Team

Research Team

The Research Team at Nairametrics meticulously monitors, gathers, curates, and administers an extensive repository of both macroeconomic and microeconomic data originating from Nigeria and across Africa. Utilizing a variety of presentation formats—including documents, tables, and charts—our analysts disseminate key findings through the Nairametrics platform. Additionally, we regularly release insightful, research-driven articles that offer in-depth analyses of economic trends and indicators.

Related Posts

Single-Digit Inflation, Tier 3 Banks, and Why You Can’t Fight African Governments – Drinks & Mics
Digital Media

Single-Digit Inflation, Tier 3 Banks, and Why You Can’t Fight African Governments – Drinks & Mics

June 14, 2025
“MPR Should Be Over 30%!” — Esili Eigbe Sparks Fire on Drinks and Mics
Digital Media

“MPR Should Be Over 30%!” — Esili Eigbe Sparks Fire on Drinks and Mics

May 31, 2025
Nigeria secures World Bank’s approval for $2.25 billion loan to boost reforms 
Economy

World Bank: Global commodity prices to drop to six-year low by 2026  

April 30, 2025
President Tinubu reacts to Port Harcourt Refinery revival, orders reactivation of Warri, Kaduna Plants 
Economy

CBN governor Cardoso identifies inflation as most disruptive economic challenge in Nigeria 

April 28, 2025
Tinubu says petrol subsidy removed to reset Nigeria’s economy  
Economy

World Bank projects 3.6% economic growth for Nigeria in 2025, more optimistic than IMF’s forecast 

April 24, 2025
Cost of cooking pot of Jollof Rice in Nigeria rises by 13.7% to N12,373
Economy

A pot of jollof rice now costs N25,486 in Nigeria, up by19% in 6 Months

April 23, 2025
Next Post
Anxiety forces over 55K Bitcoin traders into liquidation amid high transaction fees

Bitcoin surged to its highest level this month, posts first weekly gain since August  

Comments 6

  1. Benjamin Ejekanonu says:
    September 17, 2023 at 6:02 am

    I love this, this is one of the reasons I turned in my notification for your posts, always putting me ahead when it matter mist regarding information. You guys are my go to site when I want to update myself on the current happening in Nigeria. Many thanks guys for all you do.

    Reply
  2. Nunayon says:
    September 17, 2023 at 11:08 am

    This is quite interesting, but tricky at the same time. Inflation rate doesn’t measure the most expensive state to live in. Inflation measures rise in price or change in price of food and other items not the actual cost. So, it doesn’t measure how expensive food and other items are. Rather, it measures rise/change in prices. In absolute terms Kogi may actually be one of the cheapest states to live in. In Lagos, rent for 3-bedroom flats in many parts is as high as 1 million naira per annum. It is three to four times higher in the highbrow areas of the state. That’s more than expensive by the standard in Kogi. It’s simply insane.
    So, we should keep this in mind.

    Reply
  3. Joseph David Liga says:
    September 17, 2023 at 7:24 pm

    Grsat work

    Reply
  4. Joseph David Liga says:
    September 17, 2023 at 7:25 pm

    THIS IS WONDERFUL WORK

    Reply
    • Godwin Ateko says:
      September 19, 2023 at 7:56 am

      My state?
      This is totally unbearable.
      Petrol is sold at the black market for N1300 per litre in my community.
      No infrastructures, no development, teachers’ salary being delayed.

      Reply
  5. Ayomide Bolaji says:
    September 17, 2023 at 7:39 pm

    For the NDIC deposit and best rate without lost of payment

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Africa needs gas as a transformational fuel for development – Sahara Group 
  • FG to pilot 6-month training for 3,000 artisans in 10 construction trades across 3 states  
  • Former President Muhammadu Buhari dies in London 

Follow us on social media:

Recent News

Africa needs gas as a transformational fuel for development – Sahara Group 

Africa needs gas as a transformational fuel for development – Sahara Group 

July 13, 2025
Musa Dangiwa,

FG to pilot 6-month training for 3,000 artisans in 10 construction trades across 3 states  

July 13, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics