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

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 Jumps to 24.23% in March.

Nigeria’s inflation rate jumped to 24.23% in March 2025, up from 23.18% in February, according to the National Bureau of Statistics (NBS). The 1.05% rise highlights the ongoing squeeze on households already struggling with rising living costs. The latest NBS data shows widespread price increases across both urban and rural areas, with food costs being a major driver.  On a monthly basis, inflation surged by 3.90% in March—up sharply from Februar…

Nigeria Inflation Rate Hits 24.23% In March — Akelicious

Nigeria’s headline inflation rate rose to 24.23 percent year-on-year in March from 23.18 percent recorded in February 2025. The National Bureau of Statistics (NBS) that released the data on Tuesday, said the figure was a 1.05 percent higher than the February 2025 inflation rate. According to the National Bureau of Statistics (NBS), the increase was due majorly to price rises for food and non-alcoholic beverages, which were the biggest contributo…

Surge in Food Prices Drives Nigeria’s Inflation to 24.23% in March

Surge in Food Prices Drives Nigeria’s Inflation to 24.23% in March, Says NBS Nigeria’s headline inflation rate climbed to 24.23 percent in March 2025, marking a significant uptick driven largely by rising food, beverage, and essential service costs, according to the National Bureau of Statistics (NBS). The latest report released by the bureau indicates a […] The post Surge in Food Prices Drives Nigeria’s Inflation to 24.23% in March – NBS appear…

Nigeria’s Inflation Rate Rises to 24.23% Under President Tinubu Despite Rebase

Nigeria’s inflation rate has risen to 24.23% under President Tinubu despite rebasing. Newsone Nigeria reports that the National Bureau of Statistics (NBS)