At 17.65% YoY, Ogun state leads South West states with highest inflation rate
The National Bureau of Statistics (NBS) on Monday revealed that Ogun state with 17.65 per cent Year-on-Year (YoY) as of November 2025 has the highest all inflation rate among the South West states in Nigeria
The latest Consumer Price Index (CPI) report by NBS disclosed that the country’s headline inflation rate in November 2025 dropped to 14.45 per cent from 34.60per cent in November 2024.
According to the report, Ekiti with 16.8 per cent YoY is ranked second, followed by Osun with 16.4 per cent YoY all inflation rate as of November 2025.
The NBS report revealed that Lagos with 15.60 per cent and Ondo, 14.60 per cent YoY and Oyo with 13.50 per cent all inflation rate in the period under review.
In general, the report disclosed that, ‘In November 2025, the All-Items inflation rate on a Year-on-Year basis was highest in Rivers (17.78per cent), Ogun (17.65per cent), and Ekiti (16.77per cent), while Plateau (9.13peer cent), Kebbi (10.32per cent) and Katsina (10.60per cent) recorded the lowest rise in headline inflation on a Year-on-Year basis.
“On a Month-on-Month basis, however, November 2025 recorded the highest increases in Bayelsa (6.58per cent), Gombe (5.11per cent) and Edo (4.45per cent), while Plateau (-2.54per cent), Delta (-2.38per cent), and Kaduna (-2.24per cent) recorded a decline in the Month-on-Month inflation”
The report stated that food inflation on a Year-on-Year basis was highest in Kogi (17.83per cent), Ogun (16.52per cent), and Rivers (16.11per cent), while Imo (3.52per cent), Katsina (3.65per cent), and Akwa Ibom (4.52per cent) recorded the slowest rise in Food inflation on a Year-on-Year basis.
“On a Month-on-Month basis, however, November 2025 Food inflation was highest in Yobe (9.52per cent), Katsina (6.61per cent) and Ondo (6.04per cent), while Imo (-6.49per cent), Nasarawa (-5.48per cent), and Enugu (-2.54per cent) recorded a decline in Food inflation on a Month-on-Month basis,” the report added.
