{"id":32002,"date":"2026-04-15T19:09:35","date_gmt":"2026-04-15T17:09:35","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=32002"},"modified":"2026-04-15T19:09:35","modified_gmt":"2026-04-15T17:09:35","slug":"nigerias-inflation-picks-up-for-first-time-in-a-year-in-march","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/nigerias-inflation-picks-up-for-first-time-in-a-year-in-march\/","title":{"rendered":"Nigeria&#8217;s inflation picks up for first time in a year in March"},"content":{"rendered":"<p><span style=\"font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">Nigeria&#8217;s annual inflation \u200crate quickened for the first time in a year in March, official data showed \u200bthis Wednesday.<\/span><\/p>\n<p>Headline consumer inflation rose \u200bto 15.38% year-on-year, up from 15.06% \u2060in February, the National Bureau \u200bof Statistics said.<\/p>\n<p><span style=\"font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">Food inflation, typically the main \u200bdriver of the headline rate, was at 14.31% year-on-year in March, up from 12.12% \u200bin February.<\/span><\/p>\n<p><span style=\"font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">Nigeria&#8217;s Finance Minister Wale Edun this week \u200bwarned of intensifying inflationary pressures in Africa&#8217;s most populous \u200cnation \u2060as the Iran war has triggered a sharp increase in domestic fuel costs.<\/span><\/p>\n<p><span style=\"font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">Inflation had declined for 11 straight \u200bmonths up \u200bto \u2060February, helped by tight monetary policy, exchange rate stability and enhanced food supply.<\/span><\/p>\n<p>But the \u200bMiddle \u2060East conflict has disrupted that trend, in a headache for President Bola \u2060Tinubu&#8217;s \u200bgovernment ahead of national elections \u200bscheduled for January next year.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":31533,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-32002","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/32002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/32002\/revisions"}],"predecessor-version":[{"id":32003,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/32002\/revisions\/32003"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/31533"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=32002"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=32002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}