Nigeria’s headline inflation rate fell to 23.71% in April 2025, down from 24.23% recorded in March 2025, according to the latest report from the National Bureau of Statistics (NBS).
This represents a 0.52% decrease from the previous month, signaling a continued but gradual easing of price pressures.
Compared to April 2024, when inflation stood at 33.69%, the current rate reflects a signicant 9.99% decline year-on-year, marking the lowest level in over a year.
The month-on-month inflation rate also slowed sharply, dropping to 1.86% in April from 3.90% in March—a difference of 2.04%, indicating a notable deceleration in price increases.
While the latest figures suggest progress in stabilizing prices, economists warn that inflation remains high, continuing to strain household budgets. The Central Bank of Nigeria (CBN) has maintained tight monetary policies, including elevated interest rates, to further rein in inflation.
The full April 2025 Consumer Price Index (CPI) Report is available for further details on the NBS website.
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