Nigeria, April 15 -- Nigeria's annual inflation rate rose to 24.23 per cent in March from 23.18 per cent in February 2025, the National Bureau of Statistics (NBS) said on Tuesday.

The statistics office said the March 2025 headline inflation rate showed an increase of 1.05 per cent compared to the February 2025 headline inflation rate.

On a month-on-month basis, it said the headline inflation rate in March 2025 was 3.90 per cent, which was 1.85 per cent higher than the rate recorded in February 2025 (2.04 per cent).

This, it said, means that in March 2025, the rate of increase in the average price level is higher than the rate of increase in the average price level in February 2025.

The NBS said the food inflation rate in March 2025 wa...