Nigeria’s headline inflation dropped to 23.71% in April 2025, down from 24.23% recorded in March 2025.
As revealed in the recent Consumer Price Index (CPI) released by the National Bureau of Statistics on Thursday, the decline represents a 0.52% decline from the March 2025 inflation rate.
On a year-on-year basis, inflation decreased by 9.99% compared to the 33.69% recorded in April 2024. Month-on-month, headline inflation stood at 1.86% in April 2025, down from the 3.90% rate recorded in March 2025.
The report also disclosed that food inflation eased, standing at 21.26% year-on-year, a 19.27% drop compared to the 40.53% recorded in April 2024.
While month-on-month, food inflation dropped by 0.12% to 2.06% in April 2025, from 2.18% in the previous month.
The decrease in the food inflation rate is largely driven by a drop in the average prices of food like wheat grain, maize (corn) flour, dried okra, yam flour, soya beans, rice, bambara beans, and brown beans, among others.
States with the highest year-on-year food inflation rates in April include Benue (51.76%), Ekiti (34.05%) and Kebbi (33.82%).
Ogun (9.91%), Adamawa (9.52%) and Ebonyi (7.19%) were among the states with the lowest food inflation rate.
Month-by-month, Benue state recorded the highest rise in food Nigeria’s inflation at 25.59%, while Ebonyi (-14.43%), Kano (-11.37%), and Ogun (-7.06%) recorded a decline.
