Nigeria’s inflation rate witnessed a moderate decline in April 2025, according to the latest Consumer Price Index report released by the National Bureau of Statistics (NBS).
The report shows the headline inflation rate dropped to 23.71% year-on-year, down from 24.23% recorded in March 2025. This also represents a significant decrease from the 33.69% recorded in April 2024.
On a month-on-month basis, the inflation rate slowed to 1.86% in April, compared to 3.90% in March, indicating a reduction in the pace of price increases for goods and services.
According to the NBS, “The Consumer Price Index rose to 119.52 in April 2025, reflecting a 2.18-point increase from the preceding month. The April 2025 headline inflation rate showed a decrease of 0.52% compared to March 2025.”
