Nigeria, April 15 -- The National Bureau of Statistics (NBS) latest data released on Wednesday indicates that food inflation slowed to 14.31 per cent in March 2026, reflecting a notable decline from levels recorded a year earlier, even as prices continued to rise on a monthly basis.

The bureau said the latest figure represents a significant drop from 25.22 per cent recorded in March 2025, suggesting that food price pressures have moderated over the past year.

However, despite this improvement, short-term trends indicate that price increases remain a concern.

On a month-on-month basis, food inflation stood at 4.17 per cent in March, slightly lower than the 4.69 per cent recorded in February.

Although the pace of increase has slowed mar...