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Nigeria's Inflation Rate Rise to 15.38% After 11 Months Decline
Rural inflation reached 17.22%, while urban inflation was 14.64%, underscoring persistent price pressures across the economy, the National Bureau of Statistics said.
- Nigeria's headline inflation rate rose to 15.38% in March 2026, marking the first increase in a year, according to the National Bureau of Statistics . This represented a 0.32% increase compared to February 2026.
- On a month-on-month basis, inflation surged to 4.18% in March, more than double the 2.01% recorded in February. Renewed monthly price pressures drove this surge despite a broader downward trend over the past year.
- Rural inflation surged sharply to 6.73% in March from 0.71% in February, while The Core Inflation rose by 4.03%. These increases suggest broader inflationary pressure extending beyond food items.
- Measuring average price changes, the Consumer Price Index rose to 135.4 in March from 130.0 the previous month. This confirms underlying price pressures persist across the economy.
- Despite year-on-year easing compared to March 2025, the World Bank warns that a potential oil price surge could worsen Nigeria's inflation. Persistent underlying pressures continue to challenge the economic outlook.
22 Articles
22 Articles
Nigeria inflation rises to highest level in more than two decades
Nigeria’s monthly inflation rate jumped to the highest level in more than two decades, propelled by surging fuel prices stemming from the war in the Middle East. Africa’s most populous nation had halved price increases from a peak of almost 30% in early 2025. The Iran war now threatens that progress, just as the country is looking to woo foreign investors. However, the energy crunch cuts both ways, boosting prices for what is also Africa’s bigge…
Inflation Rises To 15.38%
Nigeria has recorded its first increase in a year as the headline inflation rose to 15.38%, up from 15.06% in February 2026. According to the National Bureau of Statistics (NBS), the March 2026 Headline inflation rate showed an increase of 0.32% compared to the February 2026 Headline inflation rate. However, on a month-on-month basis, the Headline inflation rate in March 2026 was 4.18%, which was 2.17% higher than the rate recorded in February 2…
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