Nigeria’s inflation rate went up in March 2025, reaching 24.23 percent, according to new data from the National Bureau of Statistics (NBS).
This report, released on Tuesday, showed an increase from the 23.18 percent figure recorded in February.
The consumer price index (CPI), which tracks changes in the cost of goods and services, was used to calculate this new inflation rate.
The rise indicates that the prices of everyday items have continued to go up, affecting the cost of living for many Nigerians.
This new rate is close to the 24.48 percent recorded at the start of the year after the CPI was rebased.
Rebasing means that the way inflation is measured was updated to better reflect current spending patterns and prices.
Although the CPI rebasing earlier caused the inflation rate to drop from 34.8 percent to 24.48 percent, the latest data confirms that inflation is still a major challenge.
It remains a key issue for households and businesses trying to manage rising expenses.
As food and transport costs continue to climb, many citizens are feeling the pressure.
The latest numbers from NBS show that inflation has not slowed down, and the months ahead could remain tough if prices do not come down.
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