Nigeria’s title inflation rose to 24.23% in March 2025, according to official Nigerian data sources, Nigeria’s Bureau of Statistics (NBS).
The country’s inflation rate rose from 23.18% in February 2025 to 24.23% in March 2025, reflecting a sharp rise in commodity and energy costs over the past few weeks.
According to the March 2025 Consumer Price Index (CPI) report, which measures inflation released by government agencies on Tuesday, April 15, the country’s food inflation rate was 21.79% year-on-year in March 2025.
However, food inflation has decreased compared to the food inflation rate in February 2025.
Economists have predicted that the country’s inflation rate will rise in a minimum decline in February. Some observers also said the lowest drop in food commodity prices experienced in early February was unsustainable, due to the temporary decline in food prices due to federal import interventions.
