Nigeria’s Inflation Rises to 24.23% in March 2025
Nigeria’s headline inflation rate climbed to 24.23% in March 2025, up from 23.18% in February, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Tuesday, April 15.
The sharp uptick reflects the continued surge in commodity prices and energy costs across the country, reversing the slight relief observed in February.
The report also showed that food inflation stood at 21.79% year-on-year in March—an improvement compared to the 23.51% recorded in February.
Despite the drop, economists caution that the reprieve may be short-lived, as earlier declines were largely attributed to the temporary effects of the Federal Government’s food importation initiatives.
Analysts had anticipated the March inflation spike, noting that the February dip was unsustainable given ongoing supply chain disruptions, high transportation costs, and the weakening naira.
Many warn that unless structural reforms are implemented to stabilize food and energy prices, inflationary pressures may persist in the coming months.
Nigeria’s Inflation Rises to 24.23% in March 2025
