Nigeria’s inflation accelerates to 24.23% post-rebasing
- Nigeria's inflation rate increased to 24.23% in March 2025, up from 23.18% in February.
- Food inflation decreased to 21.09% in March from 23.51% in February.
- Analysts have changed their outlook on inflation, expecting continued pressures throughout 2025.
The current inflationary environment in Nigeria presents a complex challenge for policymakers. While there are signs of moderation in certain areas, the interplay of currency depreciation and rising energy costs could undermine these gains. A proactive approach from the Central Bank is essential to navigate these pressures and stabilize the economy.
