Thursday May 15, 2025 |
The National Bureau of Statistics (NBS) has reported a slight decline in Nigeria’s headline inflation rate, which eased to 23.71 percent in April 2025 from 24.23 percent recorded in March.
The Bureau released the latest figures in its Consumer Price Index (CPI) update on Thursday.
According to the agency, the movement for April 2025 “headline inflation rate showed a decrease of 0.52% compared to the March 2025 Headline inflation rate”.
“On a month-on-month basis, the Headline inflation rate in April 2025 was 1.86%, which was 2.04% lower than the rate recorded in March 2025 (3.90%),” NBS said.
“This means that in April 2025, the rate of increase in the average price level is lower than the rate of increase in the average price level in March 2025.”
Nigeria’s Inflation Rate Drops To 23.7%
