Nigeria’s inflation Rate Drops To 23.7%
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate slightly dropped to 23.71 percent in April 2025 – down from the 24.23 percent in March.
NBS announced the increase in its consumer price index (CPI) on Thursday.
The NBS said inflation eased to 23.7% in April from 24.2% in March. On a monthly basis, prices rose by 1.86%, slightly above expectations but indicating a cooling trend.
The reading comes despite continued pressure on the naira, which has lost more than 4% of its value against the US dollar since early April, largely due to weakening global oil prices—Nigeria’s main export earner.
The easing headline figure was driven by slower increases in food and core prices. Annual food inflation declined to 21.26% in April, down from 21.8% a month earlier, while core inflation—which strips out volatile items such as food and energy—slowed to 23.39% from 24.4%.m 24.4%.
Sodiq Lawal is a passionate and dedicated journalist with a knack for uncovering captivating stories in the bustling metropolis of Osun State and Nigeria at large. He has a versatile reporting style, covering a wide range of topics, from politics , campus, and social issues to arts and culture, seeking impact in all facets of the society.
