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Inflation Rate Rises To 24.23%

Posted by Samuel on Tue 15th Apr, 2025 - tori.ng

NBS said: “The Consumer Price Index (CPI) rose to 117.34 in March 2025 reflecting a 4.40-point increase from the preceding month.

Inflation

The National Bureau of Statistics (NBS) has reported that Nigeria’s headline inflation rate climbed to 24.23% in March 2025, marking a 4.4 percentage point increase from the 23.18% recorded in February.

The Bureau disclosed this in its Consumer Price Index Report for March 2025.

NBS said: “The Consumer Price Index (CPI) rose to 117.34 in March 2025 reflecting a 4.40-point increase from the preceding month.

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

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


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