{"id":159601,"date":"2025-04-15T23:37:54","date_gmt":"2025-04-15T22:37:54","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/despite-rebase-nigerias-inflation-rate-rises-to-24-23"},"modified":"2025-04-16T20:14:34","modified_gmt":"2025-04-16T19:14:34","slug":"despite-rebase-nigerias-inflation-rate-rises-to-24-23","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/despite-rebase-nigerias-inflation-rate-rises-to-24-23","title":{"rendered":"Despite rebase, Nigeria\u2019s inflation rate rises to 24.23%"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The National Bureau of Statistics (NBS) has announced that Nigeria\u2019s inflation rate increased to 24.23 percent in March after months of respite.<\/p>\n

The NBS announced the increase in its Consumer Price Index (CPI) for March, released on Tuesday.<\/p>\n

The new rate indicates an upward movement from the 23.18 percent reported in February.<\/p>\n

The report added that the food inflation rate stood at 21.79 percent in March on a year-on-year basis.<\/p>\n

\u201cIn March 2025, the headline inflation rate rose to 24.23 percent relative to the February 2025 headline inflation rate of 23.18 percent.<\/p>\n

\u201cOn a month-on-month basis, the headline inflation rate in March 2025 was 3.90 percent.<\/p>\n

\u201cThe food inflation rate was 21.79 percent year on year in March 2025,\u201d NBS stated in a statement published on X on Tuesday.<\/p>\n

This is the first time Nigeria\u2019s CPI increased after its rebase in January 2025.<\/p>\n

Recall that in February, the Monetary Policy Committee paused interest rates at 27.50 percent.<\/p>\n

This means that the MPC will need to decide whether to further hold interest rates or increase them.<\/p>\n

For More News And Analysis About Nigeria<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The National Bureau of Statistics (NBS) has announced that Nigeria\u2019s inflation rate increased to 24.23 percent in March after months of respite. The NBS announced the increase in its Consumer Price Index (CPI) for March, released on Tuesday. The new rate indicates an upward movement from the 23.18 percent reported in February. […]<\/p>\n","protected":false},"author":84,"featured_media":159600,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,29],"tags":[1578,365,254],"class_list":["post-159601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-breaking","tag-inflation","tag-nigeria"],"yoast_head":"\nDespite rebase, Nigeria\u2019s inflation rate rises to 24.23% - Nigeria<\/title>\n<meta name=\"description\" content=\"The National Bureau of Statistics (NBS) has announced that Nigeria\u2019s inflation rate increased to 24.23 percent in March ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/despite-rebase-nigerias-inflation-rate-rises-to-24-23\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Despite rebase, Nigeria\u2019s inflation rate rises to 24.23%\" \/>\n<meta property=\"og:description\" content=\"The National Bureau of Statistics (NBS) has announced that Nigeria\u2019s inflation rate increased to 24.23 percent in March ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/despite-rebase-nigerias-inflation-rate-rises-to-24-23\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-15T22:37:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-16T19:14:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/04\/sm_1744748006.246429.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/despite-rebase-nigerias-inflation-rate-rises-to-24-23#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/despite-rebase-nigerias-inflation-rate-rises-to-24-23\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Despite rebase, Nigeria\u2019s inflation rate rises to 24.23%\",\"datePublished\":\"2025-04-15T22:37:54+00:00\",\"dateModified\":\"2025-04-16T19:14:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/despite-rebase-nigerias-inflation-rate-rises-to-24-23\"},\"wordCount\":184,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/despite-rebase-nigerias-inflation-rate-rises-to-24-23#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/04\/sm_1744748006.246429.jpg\",\"keywords\":[\"breaking\",\"inflation\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/despite-rebase-nigerias-inflation-rate-rises-to-24-23#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/despite-rebase-nigerias-inflation-rate-rises-to-24-23\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/despite-rebase-nigerias-inflation-rate-rises-to-24-23\",\"name\":\"Despite rebase, Nigeria\u2019s inflation rate rises to 24.23% - 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