EXECUTIVE SUMMARY
The Kaduna State Consumer Price Index (CPI) report, May 2022 shows the state’s Year on Year and Month on Month Inflation Rate.
The Consumer Price Index (CPI) measures the average change in the price level of market basket of consumer goods and services purchased by households and a very important key indicator of inflationary change which measures state of an economy.
The Kaduna State CPI Report is targeted at providing Kaduna State with Monthly average changes of selected Goods and Services consumed by people for day-to-day living as well as showing the Year-on-Year Inflation rate of the State.
The CPI Year-On-Year Inflation Rate for Kaduna State stands at 16.22% in May, 2022. This was 0.21% higher than the rate of 16.01% recorded in April, 2022.