Nigeria’s Inflation rises to 24.23% in March — NBS Report

The National Bureau of Statistics (NBS) has announced a further increase in Nigeria’s headline inflation rate, which rose to 24.23 percent in March 2025, up from 23.18 percent recorded in February.

This was disclosed in the Bureau’s Consumer Price Index (CPI) Report for March 2025 released today.

According to the NBS, “The Consumer Price Index (CPI) rose to 117.34 in March 2025, reflecting a 4.40-point increase from the preceding month.”

The report added that “In March 2025, the headline inflation rate rose to 24.23% relative to the February 2025 headline inflation rate of 23.18%.”

It further stated that the movement in inflation showed an increase of 1.05 percent between February and March 2025.