The National Bureau of Statistics (NBS) has revealed that Nigeria’s headline inflation rate has increased to 15.38 percent in March 2026 — up from the 15.06 percent in February.
NBS announced the surge in its consumer price index (CPI) report on Wednesday.
NBS said, “The Headline inflation rate rose to 15.38%, up from 15.06% in February 2026 and stood 27.35% in the same month of the preceding year (March 2025),”
The bureau said the headline rate showed an increase of 0.32 percent compared to the February 2026 headline inflation rate.
“However, on a month-on-month basis, the Headline inflation rate in March 2026 was 4.18%, which was 2.17% higher than the rate recorded in February 2026 (2.01%),” NBS said.
“This means that in March 2026, the rate of increase in the average price level was higher than the rate of increase in the average price level in February 2026.”
‘FOOD RATE STOOD AT 14% IN MARCH’
According to NBS, the annual rate of food hike in March 2026 was 14.31 percent.
Additionally, the bureau reported that the rate of food hike is lower than the 25.22 percent recorded in March 2025 of the previous year.
“However, on a month-on-month basis, the Food inflation rate in March 2026 was 4.17%, down 0.52 percentage points from February 2026 (4.69%),” NBS said.
The bureau added that Katsina (0.09 percent), Ogun (0.77 percent), and Adamawa (1.30 percent) recorded a decline in food inflation.
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