Nigeria’s headline inflation reversed its downward trend in March, rising to 24.23% from 23.18% recorded in February—an increase of 1.05 percentage points, according to the latest data from the National Bureau of Statistics (NBS). Despite the uptick in headline inflation, food inflation eased slightly to 21.79%, offering mild relief to consumers. However, core inflation—which excludes volatile food and energy prices—climbed to 24.43%, reflecting persistent underlying price pressures in the economy.