Nigeria’s Inflation Rate Falls Slightly to 23.71% in April 2025 — NB
Nigeria’s inflation rate experienced a slight decline in April 2025, offering a modest reprieve amid sustained cost-of-living concerns, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS).
The headline inflation rate stood at 23.71% year-on-year, down from 24.23% recorded in March 2025. This also marks a significant drop compared to 33.69% reported in April 2024, suggesting a broader disinflationary trend over the past 12 months.
On a month-to-month basis, the inflation rate slowed to 1.86% in April 2025, a sharp decline from 3.90% in March. This indicates that prices of goods and services are increasing at a slower pace than in previous months.
Analysts say the moderation may be attributed to monetary tightening by the Central Bank of Nigeria (CBN), improvements in supply chains, and reduced demand pressures.
While the latest data signals incremental relief for consumers, inflation remains well above the CBN’s target range, keeping economic pressure high for households and businesses across the country.
The NBS report provides a key indicator for policymakers as they weigh further interventions to stabilize the economy and ease financial burdens on citizens.
