Nigeria’s inflation rate jumped to 24.23% in March 2025, up from 23.18% in February, according to the National Bureau of Statistics (NBS).
The 1.05% rise highlights the ongoing squeeze on households already struggling with rising living costs. The latest NBS data shows widespread price increases across both urban and rural areas, with food costs being a major driver.
On a monthly basis, inflation surged by 3.90% in March—up sharply from February’s 2.04%—signaling a rapid escalation in average prices. Urban inflation reached 26.12% year-on-year, while monthly urban inflation climbed to 3.96%, compared to 2.40% in February.
