Nigeria's Inflation Rate Hits 24.2% in March

Nigeria's Inflation Rate Hits 24.2% in March

The NBS said the food inflation rate in March 2025 was 21.79 per cent

Food, beverages, others push rebased inflation to 24.23% in March - Daily Trust

Nigeria’s headline inflation rate rose to 24.23 percent in March, the National Bureau of Statistics (NBS) has stated. A report by the bureau said the figure was a 1.05 percent increase from the 23.18 percent recorded in February. Daily Trust reports that this is the first increase of the inflation figure since the NBS rebased the Consumer Price Index (CPI) earlier in the year. “Looking at the movement, the March 2025 Headline inflation rate show…

Nigeria’s annual inflation picks up to 24.23% in March

By Elisha Bala-Gbogbo ABUJA (Reuters) – Nigeria’s headline consumer inflation edged up to 24.23% year-on-year in March from 23.18% in February, its statistics agency said on Tuesday. A report by the National Bureau of Statistics showed price rises for food and non-alcoholic beverages were the biggest contributor to annual inflation. Inflation in Africa’s most populous country soared to repeated 28-year peaks last year, spurred by President Bola …

Nigeria’s Inflation Rate Rises to 24.23% (March 2025)

The latest report by the National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate rose to 24.23  per cent in March 2025, representing an increase of 1.05 per cent, compared to the 23.18 per cent recorded in February 2025. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for March 2025, which was released on Wednesday in Abuja. Furthermore, the report said on a month-on-month basis, the headline infl…

NBS Reveals Nigeria Inflation Rate Hit 24.23% In March - Brand Spur

According to the National Bureau of Statistics (NBS), Nigeria’s inflation rate increased from 23.18% in February to 24.23% in March 2025. Both household incomes and the overall economy are hurt by this spike. Following the NBS report available to BrandSpur national news stories, in March 2025, food inflation—a significant factor in headline inflation—rose to 21.79% annually. The high cost of staple foods like rice, ginger, and garri is the reaso…

Nigeria’s inflation rate rises to 24.23% – NBS - Business Hallmark

Nigeria’s headline inflation rate rose to 24.23% in March 2025, up from 23.18% recorded in February, according to the latest data released by the National Bureau of Statistics (NBS). The report indicates a continued upward trend in inflation, driven primarily by rising food prices, increased transportation costs, and persistent supply chain challenges. On a month-on-month […] The post Nigeria’s inflation rate rises to 24.23% – NBS first appeared…