The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate edged up to 24.23 percent in March 2025.

The NBS announced the increase in its consumer price index (CPI) for March on Tuesday.

The new rate indicates an upward movement from the 23.18 percent reported in February.

It also signals a return to levels (24.48 percent) recorded in the beginning of year following the CPI rebasing.

“In March 2025, the Headline inflation rate rose to 24.23% relative to the February 2025 headline inflation rate of 23.18%,” the bureau said.

“Looking at the movement, the March 2025 headline inflation rate showed an increase of 1.05% compared to the February 2025 Headline inflation rate.

“Furthermore, on a month-on-month basis, the Headline inflation rate in March 2025 was 3.90%, which was 1.85% higher than the rate recorded in February 2025 (2.04%).

“This means that in March 2025, the rate of increase in the average price level is higher than the rate of increase in the average price level in February 2025.”

The statistics body said the headline inflation rate was driven by cost of food, transport, and accommodation services.

‘FOOD INFLATION ROSE TO 21.79%’

The statistics firm said food inflation rate in March 2025 was 21.79 percent on a year-on-year basis.

“However, on a month-on-month basis, the bureau said food inflation rate was 2.18 percent in the period reviewed, “up by 0.50% compared to February 2025 (1.67%)”.

“The increase can be attributed to the rate of increase in the average prices of Ginger (fresh), Garri (Yellow), Broken Rice (Ofada), Honey (Natural Production), Crabs, Potatoes, Plantain Flour, Peri-winkle (Unshelled), pepper (fresh), etc,” the NBS said.

The NBS report said food inflation, on a year-on-year basis, was highest in Oyo (34.41 percent), Kaduna (31.14 percent), Kebbi (30.85 percent).

On the other hand, states such as Bayelsa (9.61 percent), Adamawa (12.41 percent), and Akwa Ibom (12.60 percent) recorded the slowest rise in food inflation on year-on-year basis.

The bureau also said on a month-on-month basis, food inflation was highest in Oyo (19.74 percent), Kaduna (17.24 percent), and Kebbi (14.03 percent) while states like Sokoto (-14.10 percent), Nasarawa (-9.91 percent) and Edo (-5.78 percent) recorded a decline.

https://www.thecable.ng/breaking-nigerias-inflation-rate-rises-to-24-2/

k

Only those that do "mommy thank u" thinks inflation was coming down.
I used to spend 70k monthly early last year, this year I am spending 100k and I am not satisfied

Na wa

No small thing

Can they tell us more about what is in the basket they use in computing the inflation rate? From the stories I read, I feel if they use the common man daily consumables, the inflation figures might be more.

Failed Economy.

Failed State.

The rebased inflation??

😂

I'm not sure if there is any other country's Government worse than Nigeria Government

Toh. No gimmick again, reality is real. Tinubu has failed himself. Unprecedented hunger and anger in the land.

Country with no direction 😢, failed Country...

The “inflection” according to Ada Anambra na Ijebu Garri?

What a country

FuckFuckPastor:


https://www.thecable.ng/breaking-nigerias-inflation-rate-rises-to-24-2/

Joke of the day. Inflation in nigeria is around 500%

This is even after rebasing.

E don finally rise pass preek and ijebu garri

Nigerians are stupid sha, they will still support and defend rubbish

Tinubu is working. Another 4 years for the President. Una never see anything. All of una go suffer

GREATPIN77:
What a country

the thing tire me o.

Have you received it?

Nothing concern me, una go kpai for that country especially those who voted APC

My prayers be say make dollar dey go high more and morel. Big cashout for me

Tinubu is actively performing. seyi, your papa

Ok, noted.

After the audio rebasing, we are going higher.

You can only lie and use propaganda to paper over cracks for so long

Agbado economic policy is working

Inflation is about 98%

Brandosky:

Joke of the day. Inflation in nigeria is around 500%

I tire o. They will just be calculating rubbish.

If only Seyi will deliver the message from Idris to his father very fast.

geoworldedu:
I tire o. They will just be calculating rubbish.

chukiz:
Inflation is about 98%

Kelklein:
Even after the wuru-wuru to the answer that they did the last time, look at them now.

You can deceive some people sometimes, you can't deceive all of the people all the time.

The current CBN said earlier last year that with EVERYTHING they have put in place earlier last year, inflation would crash 21% before the end of that year. When the saw it's still not coming down, they did the wuru-wuru and called it a fancy name 'rebasing'.. look where we are still.

I'm sure if it were the old figure, it would be around 38% by now..🤔

Brandosky:

Joke of the day. Inflation in nigeria is around 500%

They have been telling lies since Buhari's regime..

The original inflation rate in Buhari's 8 years was about 300% while Tinubu's regime in two years is about 500 - 600%

So in total APC has caused inflation rate to rise about 900% since they assumed power in 2015.

They have been telling lies, if you want to know, my friend in 2013 bought a brand new 2013 Toyota Camry for 7.2m today the same Toyota Camry 2025 is going for about 80m, that's the cheapest of them some go as much as 105m depending on the options of the vehicle and dealer involved...

That's actually about 1100% inflation, do that for other goods and services such as food, clothes, housing, rentals and so on it's almost the same thing happening or even more in some cases, so if you average the entire inflation rate it is around 800 - 900%.

You begin to see why suicide rate, money ritual rate, yahoo boys, hook up, kidnappings and so on are way higher than when PDP was in power, I'm not here to praise PDP but APC are terrible liars...

Tinubu should lift the ban on food importation

Brandosky:

Joke of the day. Inflation in nigeria is around 500%

if inflation rise to 80% u for no fit survive am.
Let's just say u don't know how to calculate it

Fake news.

Another lilies and propaganda

Ladies and gentlemen this is thiefffnnnubu iragbiji economy o