Inflation Rate 2024 In Nigeria. In march 2024, the headline inflation rate increased to 33.20% relative to the february 2024 headline inflation rate which was 31.70%. Fitch solutions has said nigeria’s rising inflation, which hit 34.19 per cent in june, has already peaked and would moderate to less than 25 per cent by the end of 2024.

The report noted, “the removal of fuel subsidies will continue to increase core inflation, primarily through high transport and energy costs. In january 2024, the headline inflation rate increased to 29.90% relative to the december 2023 headline inflation rate which was 28.92%.