• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Friday, July 11, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home News

Nigeria’s Inflation Rate Rises To 24.2%

Nathaniel Irobi by Nathaniel Irobi
April 16, 2025
in News
0
0
SHARES
0
VIEWS
FacebookTwitterWhatsappEmailTelegram

By Abubakar Yunusa

The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate edged up to 24.23 percent in March 2025.

RelatedPosts

Troops Neutralise Notorious Kidnapper, Recover N13m Ransom

FG Sets July 15 Deadline for Payment of Wage Award Arrears to Civil Servants

APC N’Chair: TSN, CASG, ASGS Rally For Proven Party Man, Prof. Kailani

The NBS announced the increase in its consumer price index (CPI) for March on Tuesday.

The new rate indicates an upward movement from the 23.18 percent reported in February.

It also signals a return to levels (24.48 percent) recorded in the beginning of year following the CPI rebasing.

“In March 2025, the Headline inflation rate rose to 24.23% relative to the February 2025 headline inflation rate of 23.18%,” the bureau said.

“Looking at the movement, the March 2025 headline inflation rate showed an increase of 1.05% compared to the February 2025 Headline inflation rate.

“Furthermore, on a month-on-month basis, the Headline inflation rate in March 2025 was 3.90%, which was 1.85% higher than the rate recorded in February 2025 (2.04%).

“This 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 statistics body said the headline inflation rate was driven by cost of food, transport, and accommodation services.

The statistics firm said food inflation rate in March 2025 was 21.79 percent on a year-on-year basis.

“However, on a month-on-month basis, the bureau said food inflation rate was 2.18 percent in the period reviewed, “up by 0.50% compared to February 2025 (1.67%)”.

ALSO READ:  CSO Backs Senator Ya'u, Says Recall Attempt Is A joke

“The increase can be attributed to the rate of increase in the average prices of Ginger (fresh), Garri (Yellow), Broken Rice (Ofada), Honey (Natural Production), Crabs, Potatoes, Plantain Flour, Peri-winkle (Unshelled), pepper (fresh), etc,” the NBS said.

The NBS report said food inflation, on a year-on-year basis, was highest in Oyo (34.41 percent), Kaduna (31.14 percent), Kebbi (30.85 percent).

On the other hand, states such as Bayelsa (9.61 percent), Adamawa (12.41 percent), and Akwa Ibom (12.60 percent) recorded the slowest rise in food inflation on year-on-year basis.

The bureau also said on a month-on-month basis, food inflation was highest in Oyo (19.74 percent), Kaduna (17.24 percent), and Kebbi (14.03 percent) while states like Sokoto (-14.10 percent), Nasarawa (-9.91 percent) and Edo (-5.78 percent) recorded a decline

Nathaniel Irobi

Nathaniel Irobi

Related Posts

Troops Neutralise Notorious Kidnapper, Recover N13m Ransom

Troops Neutralise Notorious Kidnapper, Recover N13m Ransom

by Nathaniel Irobi
July 11, 2025
0

Troops of Operation Safe Haven (OPSH) have neutralised a suspected kidnapper accused of carrying out kidnapping activities along the Jos...

FG Sets July 15 Deadline for Payment of Wage Award Arrears to Civil Servants

FG Sets July 15 Deadline for Payment of Wage Award Arrears to Civil Servants

by Nathaniel Irobi
July 11, 2025
0

The Federal Government has set a deadline of July 15, 2025, for the payment of wage award arrears owed to...

APC N’Chair: TSN, CASG, ASGS Rally For Proven Party Man, Prof. Kailani

APC N’Chair: TSN, CASG, ASGS Rally For Proven Party Man, Prof. Kailani

by Nathaniel Irobi
July 11, 2025
0

A powerful coalition of All Progressives Congress (APC) support groups has thrown its weight behind Professor Kailani Muhammad as the...

Recommended

NDLEA Arrests Drug Kingpin ‘Warri kinsman’ Over Drug Shipment

NDLEA Arrests Drug Kingpin ‘Warri kinsman’ Over Drug Shipment

5 days ago
Pastor John  Urges Kwara Govt To Tackle Insecurity In  Edu, Patigi

Pastor John Urges Kwara Govt To Tackle Insecurity In Edu, Patigi

3 days ago

Popular News

  • CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    0 shares
    Share 0 Tweet 0
  • Bwari Council Chairmanship Aspirant, Dara, Dumps Labour Party Over Suspected Foul Play In Primaries

    0 shares
    Share 0 Tweet 0
  • Innoson, Ibeto, Apostle Alozie To Honour Archbishop Emma David At Golden Jubilee Celebration

    0 shares
    Share 0 Tweet 0
  • Kaduna Govt Unveils 345 Supervisory Councillors, Special Advisers Across 23 LGAs

    0 shares
    Share 0 Tweet 0
  • Bannon Tried to Use Iran Strike to Split the GOP Says Former Counselor to Jared Kushner, Eliyahu Okkon, Esq.

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (737)
  • Education (217)
  • Entertainment (310)
  • Health (193)
  • National (2,168)
  • News (8,141)
  • Opinion (297)
  • Politics (1,621)
  • Science (15)
  • Security (405)
  • Sports (436)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform