Nigeria’s headline inflation rate rose to 15.38 percent in March 2026, marking a steady increase from the previous month. This data, released by the National Bureau of Statistics (NBS), shows a slight jump from the 15.06 percent recorded in February.
On a month-on-month basis, the headline inflation stood at 4.18 percent as prices continued to face upward pressure across the country. The report highlights the ongoing economic challenges facing consumers as the cost of living remains on the rise.
Food prices see significant jump in latest report
The cost of food has become a major driver of the overall inflation figure, according to the latest statistics. Food inflation increased significantly to 14.31 percent in March, up from the 12.12 percent recorded just one month prior.
On a month-on-month basis, the food inflation rate stood at 4.17 percent, reflecting the increasing difficulty Nigerians face in accessing affordable staples. Analysts suggest that transport costs and supply chain disruptions continue to influence these price hikes.
Economic trajectory reflects persistent price pressure
The latest figures from the National Bureau of Statistics (NBS) indicate that the overall trajectory of inflation remains on an upward path. March 2026 has seen both headline and food indices outpace the figures from early in the year.
This data provides a critical look at the current economic climate as policymakers attempt to stabilize the nation’s currency and market prices. Nigerians continue to feel the impact of these changes in their daily purchasing power at local markets and shops.
