Oyo, Kaduna, Kebbi Lead As Nigeria Records 21.9% Food Inflation In March
Oyo, Kaduna, and Kebbi recorded the highest inflation rates among the states.
Areview by SaharaReporters of the National Bureau of Statistics (NBS) data for March 2025 reveals that food inflation reached 21.9%.
Oyo, Kaduna, and Kebbi recorded the highest inflation rates among the states.
“The food inflation rate in March 2025 was 21.79% on a year-on-year basis,” the data released by the National Bureau of Statistics read.
“However, on a month-on-month basis, the food inflation rate in March 2025 was 2.18%, up by 0.50% compared to February 2025 (1.67%).”
“The increase can be attributed to the rate of increase in the average prices of ginger (fresh), garri (yellow), broken rice (Ofada), honey (natural production), crabs, potatoes, plantain flour, periwinkle (unshelled), pepper (fresh), etc.,” the report read.
“In March 2025, food inflation on a year-on-year basis was highest in Oyo (34.41%), Kaduna (31.14%), Kebbi (30.85%), while Bayelsa (9.61%), Adamawa (12.41%), and Akwa Ibom (12.60%) recorded the slowest rise in food inflation on a year-on-year basis.”
It was further noted that: “On a month-on-month basis, however, March 2025 food inflation was highest in Oyo (19.74%), Kaduna (17.24%), and Kebbi (14.03%), while Sokoto (-14.10%), Nasarawa (-9.91%), and Edo (-5.78%) recorded a decline in food inflation on a month-on-month basis.”
SaharaReporters previously reported that recent data from the NBS indicates that inflation in the country reached 24.23% as of March 2025.
“As of March 2025, the headline inflation rate rose to 24.23% relative to the February 2025 headline inflation rate of 23.18%,” the report said.
“Looking at the movement, the March 2025 headline inflation rate showed an increase of 1.05% compared to the February 2025 headline inflation rate.”
It continued, “Furthermore, on a month-on-month basis, the headline inflation rate in March 2025 was 3.90%, which was 1.85% higher than the rate recorded in February 2025 (2.04%). This means that in March 2025, the rate of increase in the average price level was higher than the rate of increase in February 2025.
“On a year-on-year basis, in March 2025, the urban inflation rate was 26.12%. On a month-on-month basis, the urban inflation rate was 3.96% in March 2025, up by 1.56% compared to February 2025 (2.40%).”
