In a significant shift, Nigeria's food inflation rate witnessed a deceleration to 21.79% in March 2025, as reported on April 15, 2025. This marks a decline from the previous month, where the inflation rate was recorded at 23.51% in February 2025. The data indicates a promising adjustment in the inflationary pressures surrounding the country’s food sector, offering a glimmer of hope for Nigerian consumers burdened by high prices.
This recent figure represents a year-over-year comparison, providing a clearer perspective on the inflationary trend affecting the nation. This easing could be a sign of positive economic adjustments or policy impact aimed at stabilizing prices.
While the current rate remains high, the moderation signals potential improvement and may encourage further measures to sustain this trend. Nigerian households, which have been hit hard by soaring food prices, might find this marginal relief beneficial as the government works towards longer-term solutions to revive economic stability.
