Nigeria’s headline inflation rate rose to 15.38% in March 2026, up from 15.06% recorded in February, according to the latest data released by the National Bureau of Statistics (NBS).
The report showed that the Consumer Price Index (CPI) increased to 135.4 in March 2026, representing a rise of 5.4 points from 130.0 recorded in the previous month.
Year-on-year, inflation stood at 15.38% in March 2026, compared to a higher level of 27.35% recorded in March 2025.
On a month-on-month basis, the inflation rate was 4.18% in March 2026, significantly higher than the 2.01% recorded in February, indicating a 2.17% increase.
The average CPI for the twelve months ending March 2026 rose by 20.05%, up from 18.58% recorded in the corresponding period of 2025, reflecting a 1.48% increase in the twelve-month average index.
