Nigeria’s inflation fee climbed to 24.23 % in March 2025, in keeping with the newest Shopper Value Index (CPI) report launched Tuesday by the Nationwide Bureau of Statistics (NBS).
The determine marks a rise from the 23.18 % recorded in February, highlighting persistent upward strain on the costs of products and providers throughout the nation.
The NBS famous that the brand new fee displays a return to inflation ranges noticed earlier within the 12 months — significantly the 24.48 % in January — following the latest rebasing of the CPI.
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This newest rise continues to gasoline public concern over the price of dwelling disaster, with meals, transport, and housing prices remaining considerably excessive for common Nigerians.
Extra detailed evaluation of the inflation elements is predicted within the full report, however early projections counsel sustained strain on family spending energy amid broader macroeconomic challenges.
