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The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate rose to 15.38 per cent in March 2026.

The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for March 2026, released in Abuja on Wednesday.

The report stated that the March headline inflation rate increased by 0.32 per cent to 15.06 per cent, up from 15.06 per cent in February 2026.

NBS said that on a month-on-month basis, the headline inflation rate in March 2026 was 4.18 per cent, 2.17 percentage points higher than the rate recorded in February 2026 at 2.01 per cent.

It said that the three major contributors to headline year-on-year inflation were food and non-alcoholic beverages at 5.55 per cent, restaurants and accommodation services at 3.26 per cent, and transport at 1.80 per cent.

The report said the food inflation rate in March 2026 was 14.31 per cent on a year-on-year basis, compared with 25.22 per cent in March 2025.

It said that on a month-on-month basis, the food inflation rate in March 2026 was 4.17 per cent, down 0.52 percentage points from 4.69 per cent in February.

The report said core inflation, which excludes the prices of volatile agricultural produce and energy, stood at 16.21 per cent in March, on a year-on-year basis.