See the 3 states worst hit, as Nigeria's inflation rate rises to 24.23 per cent

• New information from the National Bureau of Statistics has revealed that ostentation rates proceed to emergence successful March
• The information from NBS revealed that Kaduna authorities tops the database with an all-items ostentation fig of 33.33% successful February
• While for nutrient inflation, the highest was successful Oyo with a fig of 34.41%, arsenic Nigerians look much pressure

Legit.ng writer Dave Ibemere has implicit a decennary of concern journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.

The National Bureau of Statistics has revealed that Nigeria's header ostentation rate, which measures the outgo of goods and services implicit a period, roseate to 24.23%, compared to 23.18% successful February 2025.

This represents an summation of 1.05% successful the header ostentation complaint from February 2025.

Inflation complaint rises again Photo credit: Bloomberg/contributor
Source: Getty Images

The NBS disclosed this successful its user terms scale (CPI) study released for March 2024 connected Tuesday, April 15, 2025.

Details of the NBS ostentation report

According to NBS, connected a month-on-month basis, the header ostentation complaint successful March 2025 was 3.90%, which is 1.85% higher than the complaint recorded successful February 2025 (2.04%).

This indicates that the complaint of summation successful the mean terms level was higher successful March 2025 than successful February 2025, Punch reports.

Urban inflation

On a year-on-year basis, the municipality ostentation complaint stood astatine 26.12% successful March 2025. On a month-on-month basis, it was 3.96%, representing an summation of 1.56 percent points compared to the 2.40% recorded successful February 2025.

Rural inflation

The agrarian ostentation complaint successful March 2025 was 20.89% connected a year-on-year basis. Month-on-month, the agrarian ostentation complaint stood astatine 3.73%, marking a 2.57 percent constituent summation from the 1.16% recorded successful February 2025.

Food Inflation rises

The nutrient ostentation complaint in March 2025 was 21.79% connected a year-on-year basis. However, connected a month-on-month basis, the nutrient ostentation complaint successful March 2025 was 2.18%, up by 0.50 percent points compared to February 2025 (1.67%).

The study reads:

The summation tin beryllium attributed to the emergence successful mean prices of ginger (fresh), garri (yellow), breached atom (Ofada), chromatic (natural production), crabs, potatoes, plantain flour, periwinkle (unshelled), capsicum (fresh), and different items."

Nigeria's ostentation complaint rises again Photo credit: NBS
Source: Facebook

State analysis

For the authorities breakdown, the study stated:

"In March 2025, the each items ostentation complaint connected a year-on-year ground was highest successful Kaduna (33.33%), Osun (32.08%), and Kebbi (30.74%), portion Akwa Ibom (12.81%), Bayelsa (14.02%), and Sokoto (14.83%) recorded the lowest increases successful header ostentation year-on-year.On a month-on-month basis, the highest increases were recorded successful Kaduna (18.85%), Osun (16.49%), and Oyo (14.44%), portion Sokoto (-8.66%), Nasarawa (-4.38%), and Kwara (-3.69%) recorded the lowest changes successful month-on-month inflation."

For authorities nutrient inflation, the study noted:

"In March 2025, nutrient ostentation connected a year-on-year ground was highest successful Oyo (34.41%), Kaduna (31.14%), and Kebbi (30.85%), portion Bayelsa (9.61%), Adamawa (12.41%), and Akwa Ibom (12.60%) recorded the slowest increases successful nutrient ostentation year-on-year."On a month-on-month basis, however, nutrient ostentation successful March 2025 was highest successful Oyo (19.74%), Kaduna (17.24%), and Kebbi (14.03%), portion Sokoto (-14.10%), Nasarawa (-9.91%), and Edo (-5.78%) recorded declines successful nutrient inflation."

No much N85k per 50kg of atom arsenic sellers clang atom prices

Earlier, Legit.ng reported that the terms of rice, a staple food, has crashed again aft rising successful March to implicit N80,000 per 50kg bag.

Sellers reduced the commodity terms from N85,000 per 50kg container to N65,000 arsenic of Sunday, April 13, 2025.

The archetypal clip the commodity sold beneath N70,000 per 50kg container was successful February this twelvemonth erstwhile the dealers had reported different influx.

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Source: Legit.ng