Nigeria’s Inflation Rate Rises To 24.2%, Says NBS

The National Bureau of Statistics (NBS) said that Nigeria’s headline inflation rate edged up to 24.23 percent in March 2025.

The NBS announced the increase in its consumer price index (CPI) for March on Tuesday.

The new rate indicates an upward movement from the 23.18 percent reported in February.

It also signals a return to levels (24.48 percent) recorded in the beginning of year following the CPI rebasing.

It said, “In March, the Headline inflation rate rose to 24.23 per cent relative to the February 2025 headline inflation rate of 23.18 per cent.

“Looking at the movement, the March 2025 headline inflation rate showed an increase of 1.05 per cent compared to the February 2025 Headline inflation rate.

“Furthermore, on a month-on-month basis, the Headline inflation rate in March 2025 was 3.90 per cent, which was 1.85 per cent higher than the rate recorded in February 2025 (2.04 per cent).

“This means that in March 2025, the rate of increase in the average price level is higher than the rate of increase in the average price level in February 2025.”

Nigeria’s Inflation Rate Rises To 24.2%, Says NBS is first published on The Whistler Newspaper