Nigeria’s Inflation Rate Rises to 15.38%
Nigeria’s headline inflation climbed to 15.38% in March 2026, based on data published on Wednesday by the National Bureau of Statistics (NBS).
The figure increased by 0.32% compared to the 15.06% recorded in February, according to the latest Consumer Price Index (CPI) report by the NBS.
The NBS said the increase reflects renewed pressure on consumer prices, with the month-on-month inflation rate jumping sharply to 4.18 per cent in March from 2.01 per cent in
February, indicating a faster pace of price increases across the economy.
Data from the report showed that food and non-alcoholic beverages, restaurants and accommodation services, and transport were the biggest drivers of inflation during the period, even as food inflation eased slightly on a year-on-year basis to 14.31 per cent.
The report also highlighted rising cost pressures in both urban and rural areas, with rural inflation climbing to 17.22 per cent, while several states, including Bayelsa, Sokoto and Bauchi, recorded the highest inflation rates nationwide.
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