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Nigeria's inflation surged to 15.38% in March due to soaring fuel and energy costs.
Nigeria's inflation rate increased to 15.38% in March, reversing a 12-month decline, driven primarily by soaring fuel and energy costs.
Experts attribute the surge to higher petrol, diesel, and gas prices, which have raised transportation and production expenses.
This month-on-month jump to 4.18% signals accelerating price pressures as structural inefficiencies in the oil sector and rising international gas prices further impact the economy.
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La inflación de Nigeria subió al 15.38% en marzo debido a los elevados costos de combustible y energía.