Inflation in Nigeria has exceeded 30% in 19 states and the Federal Capital Territory, revealing a stark divergence between national headline figures and local economic realities.
While the national inflation rate has shown signs of easing, the persistent double-digit price growth in the majority of the country's regions indicates that the cost-of-living crisis remains acute for a significant portion of the population.
The data underscores the uneven nature of Nigeria's disinflation process.
Although the central bank's tightening cycle has contributed to a moderation in the aggregate index, regional disparities suggest that supply chain bottlenecks, currency volatility, and localized demand shocks continue to drive prices higher in key markets.
This fragmentation poses a challenge for policymakers attempting to gauge the true extent of price stability across the economy.
The divergence between national and regional inflation metrics has implications for both monetary policy and fiscal planning.