Nigeria's Inflation Hits 15.38% in March 2026

According to the National Bureau of Statistics, Nigeria's inflation rate reached 15.38% in March 2026, marking an increase of 0.32% compared to February 2026. The month-on-month inflation rate for March 2026 was 4.18%, which is 2.17% higher than the rate recorded in February 2026.

Food inflation for March 2026 was reported at 14.31%, with a year-on-year increase of 25.22% compared to March 2025. Month-on-month food inflation decreased by 0.52 percentage points to 4.17% from February 2026's 4.69%.

The average annual food inflation rate for the twelve months ending March 2026 was 18.21%, which is 17.81 percentage points lower than the average annual rate recorded in March 2025. Core inflation, excluding volatile agricultural products and energy, stood at 16.21% year-on-year, a decline of 10.91 percentage points from March 2025.

The month-on-month core inflation rate was 4.03% in March 2026, reflecting a 3.14 percentage point increase from February 2026.