HomeBusinessThere’s no escaping inflation, yet

There’s no escaping inflation, yet

THE apparent easing of Nigeria’s headline inflation to 15.91 per cent in June masks an unsettling reality.

Inflation remains punishingly high across much of the country, exposing the limits of statistical rebasing and successive governments’ failure to address the structural drivers of the cost‑of‑living crisis.

The National Bureau of Statistics’ latest Consumer Price Index report paints two different pictures of the same economy. While the national rate edged down from 15.93 per cent in May, 19 states and the Federal Capital Territory recorded annual inflation above 30 per cent.

Niger topped the list at 42.23 per cent, Kogi followed at 41.59 per cent, and the FCT posted 39.91 per cent. Even Imo, with the lowest rate, still registered 19.47 per cent. In short, more than half the federation is suffering inflation nearly double the official national figure.

The NBS warns against direct interstate price comparisons because states’ consumption patterns and

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