Nigeria's inflation rate would reach 22.04% in March 2023, according to the NBS

According to the NBS report, the month-to-month percentage change in the All-Items Index in March 2023 was 1.86 percent.According to the National Bureau of Statistics (NBS), Nigeria's headline inflation rate jumped to 22.04 percent year on year in March 2023.According to the NBS Consumer Price Index (CPI) and Inflation Report for March 2023, which was released on Monday in Abuja. The percentage is 0.13 percent higher than the 21.91 percent reported in February 2023, according to the report. According to the report, the headline inflation rate in March 2023 was 6.13 percent higher than the rate in March 2022, which was 15.92 percent.