Nigeria’s Inflation Rate – March 2026

Key Highlights on Inflation figure in March 2026

• Nigeria’s headline inflation increased to 15.38% year-on-year in March 2026, from 15.06% in February, indicating a clear reversal of the disinflation trend.
• Month-on-month inflation rose sharply to 4.18%, from 2.01% in February, reflecting a significant acceleration in price pressures.
• Food inflation remained elevated, with food prices increasing by 4.17% month-on-month, driven by higher prices of key commodities such as yam, cassava, tomatoes, groundnut, etc.
• Core inflation also accelerated significantly, with core MoM rising to 4.03%, indicating that inflation pressures are now broad-based beyond food and escalating energy prices.
• Overall, the March inflation outturn reflects intensifying and widespread price pressures, driven by food, energy and exchange rate dynamics.

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