Data from the National Bureau of Statistics (NBS) has revealed that Nigeria's inflation rate has surged to 34.19% in June 2024.

According to the data, the cost of living in the country has sharply risen over the months, with June 2024 Consumer Price Index (CPI) data indicating a continuous rise in inflation rates.

This has led to increased food prices, driving food inflation to 40.87%, which has caused an increase in all other items across states in Nigeria.

The NBS report also listed Nigeria’s most expensive places to live in June 2024, and they are:

Lagos

Lagos is the 10th most expensive state in Nigeria.

The state's all-item inflation rate for June 2024 was 36.37%, lower than the previous month's 37.39%.

Jigawa

Jigawa is Nigeria’s 9th most expensive state to live with an all-item inflation rate of 36.42% in June 2024, showing a decline from the 37.34% it recorded in May 2024.

Osun

Osun is the 8th most expensive state to live in. Its all-item inflation rate was 36.58% for June 2024, a marginal decline from the May rate of 37.45%.

Kwara

Kwara is ranked as the seventh most expensive state, with an all-item inflation rate of 36.64% in June 2024, up from the 36.19% recorded in May.

Abia

Abia State's all-item inflation rate was 37.04% in June 2024, a slight increase from May’s figure of 36.75%.

Ondo

Ondo’s inflation rate for June 2024 rose to 37.05% from 35.61% in May.

Rivers

Rivers saw its all-item inflation rate increase to 37.20% in June 2024 from 36.00% in May 2024.

Oyo

Oyo’s inflation rate increased to 39.14% in June from 37.72% in May.

Kogi

Previously Nigeria’s most expensive state, Kogi, has dropped to second place, with an inflation rate of 39.91% in June 2024, down from 39.38% in June.

Bauchi

For the second time, Bauchi tops the list with an all-item inflation rate of 43.95% for June 2024, up from 42.30% in May.