Nigeria's Inflation Rate Hits 15.38% in March 2026

Nigeria's inflation rate climbed to 15.38% in March 2026, an increase from 15.06% recorded in February. According to the latest data released by the National Bureau of Statistics, this uptick indicates renewed price pressures month-on-month and year-on-year.

The inflation figures suggest that while the rate remains lower than the previous year, short-term price increases are accelerating. The data highlights a mix of trends across food and core categories, reflecting both annual pressures and short-term price momentum.

Additionally, the inflation indicators reveal a divergence in price trends between urban and rural areas. The rise in inflation comes amid heightened global economic uncertainty, driven by geopolitical tensions and global dynamics that continue to exert upward pressure on domestic prices, particularly in energy and logistics.

The Central Bank of Nigeria's earlier report noted a decline in food prices, contributing to the inflation outlook for 2026.