Nigeria’s inflation rate is expected to rise slightly to 15.24 per cent in March, signalling renewed pressure on consumer prices despite a steady easing trend recorded over the past year.
Even as broader factors like improved foreign exchange stability and recent statistical changes support a generally steady outlook, analysts note that the expected increase reflects ongoing cost pressures, mostly from food and fuel.
With headline inflation falling to 15.06% in February 2026, the eleventh straight month of decrease, and the lowest level in years, was recorded. But on a monthly basis, prices increased, with food costs accounting for the bulk of the rise due to supply restrictions and seasonal influences on major mainstays.
Rising worldwide oil prices have also heightened domestic cost concerns, therefore raising fuel prices and driving up logistics and transportation expenses throughout the country.
The News Chronicle understands that while annual inflation has dropped significantly compared to the same period last year, the recent rebound in monthly figures highlights underlying fragility in price stability. This suggests that households and businesses may continue to face short-term cost pressures even as macroeconomic indicators improve.
Breakdowns of the latest data show notable increases across sectors, including food, transport, and hospitality, while core inflation remains relatively contained, pointing to a mixed but cautious inflation outlook in the near term.
