Nigeria’s inflation dipped to 23.71% in April 2025 from 24.23% in March, offering slight relief amid high living costs. Food inflation also eased to 21.26% year-on-year.
NEWS NG
Nigeria’s inflation rate eased to 23.71% in April 2025 from 24.23% in March, according to the National Bureau of Statistics (NBS), reflecting a modest decline amid continued economic strain.
“On a year-on-year basis, the headline inflation rate was 9.99 percentage points lower than the 33.69% recorded in April 2024,” the NBS said.
Month-on-month, inflation slowed to 1.86% in April from 3.90% in March, a 2.04 percentage point drop, indicating reduced short-term price increases.
Core inflation, excluding volatile food items, fell to 23.39% year-on-year from 26.84% in April 2024. Monthly core inflation dropped to 1.34% in April from 3.73% in March.
Food inflation improved notably, down to 21.26% year-on-year from 40.53%, driven partly by changes in methodology. Monthly food inflation also fell to 2.06%.
Damilare Asimiyu of Afrinvest noted, “April 2024 marked a significant inflationary peak… this will create a downward bias even if prices continue to trend upward.”
The CBN is expected to weigh this data at its upcoming MPC meeting next week.