Nigeria’s headline inflation dropped to 23.71% in April 2025, down from 24.23% in March, in accordance with the Nationwide Bureau of Statistics (NBS).
The company famous that the April determine mirrored a 0.52% lower from the earlier month. 12 months-on-year, headline inflation was 9.99% decrease than the 33.69% recorded in April 2024.
“This reveals that the Headline inflation price (year-on-year foundation) decreased in April 2025 in comparison with the identical month within the previous 12 months (i.e., April 2024), although with a special base 12 months, November 2009 = 100,” the NBS defined.
On a month-to-month foundation, inflation stood at 1.86% in April, marking a 2.04% drop from the three.90% recorded in March.
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“Which means in April 2025, the speed of improve within the common worth stage is decrease than the speed of improve within the common worth stage in March 2025,” the report added.
Meals inflation additionally noticed a decline. On a year-on-year foundation, it stood at 21.26%, which is nineteen.27 share factors decrease than April 2024’s 40.53%.
“The numerous decline within the meals annual inflation determine is technically as a result of change within the base 12 months,” the bureau clarified.
Month-on-month, meals inflation was 2.06% in April, barely down from 2.18% in March. The drop was linked to falling costs of key staples equivalent to maize flour, wheat, okro, yam flour, soya beans, rice, and brown beans.
The common annual meals inflation price for the twelve months ending April 2025 was 31.43%, in comparison with 32.74% over the identical interval in 2024.
