Nigeria’s Inflation Rate Rises
In the latest Nigeria news, data from the National Bureau of Statistics (NBS) highlights an increase in the country’s inflation rate to 24.23% in March 2025. Previously, Abuja news reported a 23.18% rate for February, indicating an upward trend in inflation, despite previous months of respite.
Food Inflation Concerns
The NBS report also outlines a food inflation rate of 21.79% year-on-year for March. This surge marks the first increase since Nigeria’s Consumer Price Index (CPI) rebasing in January 2025. The Monetary Policy Committee’s February decision to pause interest rates at 27.50% now faces review for potential adjustments.
Key Takeaways:
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Inflation Surges: Nigeria’s inflation hits 24.23% in March 2025.
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Food Inflation: The food inflation rate is 21.79% year-on-year.
- Policy Decisions: Interest rate strategy under review by the Monetary Policy Committee.
With rising inflation, how should policymakers in Abuja and Lagos address economic challenges? Join the conversation below.
Source: Original NBS Report
