The National Bureau of Statistics says Nigeria’s headline inflation rate rose to 24.23 per cent in March 2025, with the report indicating that on a month-on-month basis, food inflation was highest in Oyo at 19.74 per cent, followed by Kaduna at 17.24 per cent and Kebbi at 14.03 per cent.
Sokoto at -14.10 per cent, followed by Nasarawa at -9.91 per cent and Edo at -5.78 per cent, recorded the lowest rise in inflation on a month-on-month basis.
However, the report showed that on a year-on-year basis, food inflation was highest in Oyo at 34.41 per cent, followed by Kaduna at 31.14 per cent and Kebbi at 30.85 per cent.
Bayelsa at 9.61 per cent, followed by Adamawa at 12.41 per cent and Akwa Ibom at 12.60 per cent, recorded the lowest rise in food inflation on a year-on-year basis.
Meanwhile, the states’ profile analysis showed that all items’ inflation rate on a year-on-year basis was highest in Kaduna at 33.33 per cent, Osun at 32.08 per cent, and Kebbi at 30.74 per cent.
It disclosed that the lowest rise in headline inflation on a year-on-year basis was recorded in Akwa Ibom at 12.81 per cent, followed by Bayelsa at 14.02 per cent and Sokoto at 14.83 per cent.
The NBS disclosed this in its Consumer Price Index and Inflation Report for March 2025, which was released in Abuja.
According to the report, the headline inflation showed an increase of 1.05 per cent compared to the 23.18 per cent recorded in February 2025.
The report, however, revealed in March 2025, all items inflation rate on a month-on-month basis was highest in Kaduna at 18.85 per cent, followed by Osun at 16.49 per cent, and Oyo at 14.44 per cent.
Sokoto at -8.66 per cent, followed by Nasarawa at -4.38 per cent and Kwara at -3.69 per cent, recorded the slowest rise in month-on-month inflation.
The NBS recently rebased the CPI and released the rebased CPI results for January 2025 in February.
The statistician-general of the federation, Adeyemi Adeniran, said the rebasing was designed to ensure that Nigeria’s economic indicators accurately reflect the current structure of the economy.
This, according to him, was also to incorporate new and emerging sectors, updating consumption baskets, and refining data collection methods.
Mr Adeniran said part of the process of rebasing the CPI included bringing the base year closer to the current period, from 2009 to 2024.
(NAN)
