Following a fresh increase in inflation, the Lagos Chamber of Commerce and Industry (LCCI) has urged the Federal Government to immediately stabilize energy prices and bolster local supplies.
The chamber highlighted the most recent data from the National Bureau of Statistics (NBS) in a statement released on Thursday and signed by Dr. Chinyere Almona, Director General of LCCI. The data indicated that headline inflation rose to 15.38% in March 2026 from 15.06% in February.The most recent report, which shows that headline inflation increased to 15.38% in March 2026, is noted with worry by the Lagos Chamber of Commerce and Industry (LCCI). According to the statement, “this development effectively stops the recent disinflation trend and raises new concerns about the sustainability of near-term price stability.”
The LCCI claims that increases in food inflation (14.31%), transportation expenses (16.9%), and core inflation (16.21%) were the main causes of the inflation increase, indicating “renewed underlying price pressures within the economy.”
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