10 Most Expensive States To Live In Nigeria In January 2024. No1 Will Shock You

inflation stands at 32.36% in January 2024. This figure represents a significant increase from December’s 31.07%.

Also, the food inflation in the state is at 39.1%, higher than the 35.7% recorded in December 2023, emphasising the significant role of food prices in the state’s inflation dynamics.

6. Bauchi

Also, on the list is Bauchi in the 6th position with an all-items inflation rate of 32.37% in January 2023, a notable increase from 31.56% in December 2023.

Food inflation shows an increase from 27.5% in December 2023 to 28.8% by the beginning of 2024.

5. Rivers

Ranking 5th on the list is Rivers state, with a 32.74% inflation rate in January 2024, an increase from the 32.15% recorded the previous month.

The food inflation is higher at 40.1%, but an increase from December’s 38.6%, suggesting that food is a major driver of inflation in this state.

4. Abia

Abia State also makes the list with an all-items inflation rate of 33% in January 2024, an increase from 31.28% recorded in December 2023.

Food inflation picks up at 39.6%, a notable uptick from December’s 37.2%, indicating a growing trend of increased living expenses, especially related to food.

3. Akwa Ibom

Maintaining the 3rd spot is Akwa Ibom State, reporting an all-items inflation rate of 33.16% in January 2024, marking an increase from December’s 31.08%.

Notably, the food inflation rate increased to 40%, compared to December’s 37.4%.

2. Oyo

Oyo unseats Lagos to become the second most expensive state in Nigeria, with an all-items inflation rate of 34.58% in January 2024, a significant increase from December’s 31.29%.

The food inflation rate is 37.3%, showing an increase from December’s 34.3%, which means that food is a major driver of inflation in this state.

1. Kogi

As usual, Kogi tops the chart as the most expensive state in Nigeria in January 2024. It recorded an all-items inflation rate of 35.78% from 35.57% in December of the same year.

However, the food inflation rate slowed to 44.2%, a slight decrease from the previous month’s 44.7%. Despite the slight decrease, Kogi still has the highest food inflation in Nigeria.