The Digest:
Nigeria's headline inflation rate increased to 15.38 percent in March 2026, up from 15.06 percent in February, marking the first rise in 12 months after a period of steady decline. The National Bureau of Statistics (NBS) said food inflation stood at 14.31 percent year-on-year. On a month-on-month basis, headline inflation rose by 4.18 percent, significantly higher than February's 2.01 percent. Bayelsa recorded the highest food inflation at 33.35 percent.
Key Points:
- Food inflation was highest in Bayelsa (33.35%), Sokoto (28.02%), and Adamawa (21.67%).
- Kano (4.29%), Oyo (4.86%), and Katsina (7.48%) recorded the slowest food inflation rise.
- On a month-on-month basis, Sokoto (11.78%), Niger (8.59%), and Gombe (8.10%) saw the highest food inflation.
- Katsina, Ogun, and Adamawa recorded a decline in food inflation.
- The rate remains significantly lower than the 27.35% recorded in March 2025.
Sources: The Cable, Nairametrics
