By Fredrick Ameh
Nigeria’s inflationary pressure intensified in March 2026 as the Consumer Price Index (CPI) rose to 135.4, marking a 5.4-point increase from February’s 130.0, according to the National Bureau of Statistics.
The latest figures show that headline inflation climbed to 15.38% in March, up from 15.06% recorded in February, signaling a continued rise in the cost of living. On a month-on-month basis, inflation surged by 4.18%, reflecting sharp price increases within a short period.
Food prices, a major driver of inflation, also recorded significant pressure. The food inflation rate stood at 14.31% in March, with a month-on-month increase of 4.17%, underscoring persistent challenges in food supply and affordability.
The upward trend highlights ongoing economic pressures facing households and businesses, as rising costs continue to impact purchasing power across the country.
The March 2026 CPI report provides deeper insights into sectoral contributions and price movements, offering policymakers critical data for economic planning and inflation control strategies.