Inflation Watch – NBS Reports 24.23% Inflation in March, Signaling Renewed Price Pressures
The National Bureau of Statistics (NBS) reported a concerning rise in Nigeria’s inflation rate, which climbed to 24.23% in March 2025 – a 1.05 percentage point increase from February’s 23.18%. This reversal ends the brief downward trend observed recently, signaling renewed price pressures in the economy. Month-on-month inflation jumped sharply to 3.90%, nearly double February’s 2.04% increase, reflecting rapidly escalating consumer prices…
