The National Bureau of Statistics (NBS) has revealed that Nigeria’s headline inflation rate increased to 24.23% in March 2025, up from 23.18% recorded in February.
The development was disclosed in the NBS Consumer Price Index (CPI) Report for March 2025, which showed a significant 4.40-point rise in the index.
NBS said: “The Consumer Price Index (CPI) rose to 117.34 in March 2025 reflecting a 4.40-point increase from the preceding month.
“In March 2025, the Headline inflation rate rose to 24.23% relative to the February 2025 headline inflation rate of 23.18%.
“Looking at the movement, the March 2025 Headline inflation rate showed an increase of 1.05% compared to the February 2025 Headline inflation rate.”