Nigeria experienced a modest ease in inflation last month, with the National Bureau of Statistics (NBS) confirming a drop in the headline inflation rate to 23.71% in April 2025, down from 24.23% in March.
The figures, published in the agency’s Consumer Price Index (CPI) update on Thursday, reflect a 0.52 percentage point decrease year-on-year.
Month-on-month inflation also saw a notable slowdown. The average price increase for April was recorded at 1.86%, significantly lower than the 3.90% rate observed in March.
According to the NBS, this indicates a reduced pace in the rise of consumer prices when compared to the previous month.
