THE NATIONAL BUREAU OF STATISTICS DATA ON INFLATION ACROSS THE COUNTRY ON SATURDAY STATED THAT, ONDO, BAYELSA AND LAGOS STATES RECORDED THE HIGHEST RATE OF INFLATION IN MARCH 2023. ACCORDING TO NBS, NIGERIA’S HEADLINE INFLATION RATE FOR MARCH 2023 ROSE TO 22.04 PER CENT COMPARED TO FEBRUARY 2023 HEADLINE INFLATION RATE WHICH WAS 21.91 PER CENT. THIS SHOWED AN INCREASE OF 0.13 PER CENT POINTS WHEN COMPARED TO FEBRUARY 2023 HEADLINE INFLATION RATE.THE INFLATION RATE ON A YEAR-ON-YEAR BASIS WAS HIGHEST IN ONDO (25.38 PER CENT), BAYELSA (24.80 PER CENT), LAGOS (24.66 PER CENT) AT THE SUBNATIONAL LEVEL, ON THE OTHER SIDE, BORNO, CROSS RIVER/SOKOTO AND BENUE STATES RECORDED RELATIVELY LOWEST HEADLINE INFLATION ON A YEAR-ON-YEAR BASIS, RECORDING 19.18 PER CENT, 19.24 PER CENT AND 20.01 RESPECTIVELY. THE NBS SAID THAT THE RISE IN FOOD INFLATION ON- YEAR ON YEAR BASIS WAS CAUSED BY INCREASES IN PRICES OF OIL AND FAT, BREAD AND CEREALS, POTATOES, YAM AND OTHER TUBERS, FISH, FRUITS, MEAT, VEGETABLES, AND SPIRITS
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