Nigeria's Inflation Hits 33.20% Amid High Food Prices

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nigerias inflation hits 3320 amid high food prices

Nigeria's annual inflation rate rose to 33.20 per cent in March from 31.70 per cent in February, the National Bureau of Statistics (NBS) said on Monday.

The statistics office said the March 2024 headline inflation rate increased by 1.50 per cent compared to the February 2024 headline inflation rate.

On a year-on-year basis, the NBS said the headline inflation rate was 11.16 per cent points higher compared to the rate recorded in March 2023, which was 22.04 per cent.