Nigeria’s headline inflation rate has eased to 23.37% in April 2025, down from 24.23% recorded in March 2025, according to the latest data released by the National Bureau of Statistics (NBS) on Thursday.
This slight drop represents a 0.86 percentage point decline, signaling a modest improvement in the country’s inflationary trend.
According to the NBS, major contributors to the headline inflation in April were Food and Non-Alcoholic Beverages, Restaurants and Accommodation Services, and Transport. Meanwhile, Alcoholic Beverages, Tobacco, and Narcotics made the least impact.
On a month-on-month basis, the headline inflation rate stood at 1.86%, a significant reduction from 3.90% in March — a 2.04% decrease.
In terms of food inflation, the rate stood at 21.26% year-on-year and 2.06% month-on-month. The NBS attributed the decrease in food prices to reduced average prices of essential commodities such as maize flour, wheat grain, dried okro, yam flour, soya beans, rice, bambara nuts, and brown beans.
This development offers a slight respite for consumers and signals potential easing of economic pressure, although inflation remains high across key sectors.
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