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    Nigeria’s inflation rate drops to 23.7% in April 2025

    MayorBy MayorMay 16, 2025No Comments1 Min Read
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    Nigerians groan as inflation rate surges to 34.19% in June
    Nigeria's inflation rate jumps to 24.08% in July
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    The National Bureau of Statistics (NBS) has reported a decline in Nigeria’s inflation rate, which eased to 23.7 percent in April 2025, down from 24.23 percent recorded in March.

    This was disclosed in the April Consumer Price Index (CPI) and inflation data released on Thursday.

    According to the report, inflation dropped by 1.86 percent on a month-on-month basis.

    The food inflation rate also showed a slowdown, standing at 21.26 percent year-on-year in April.

    “In April 2025, the headline inflation rate eased to 23.71 percent relative to the March 2025 headline inflation rate of 24.23 percent.

    The MoM headline inflation rate in April 2025 was 1.86 percent. The food inflation rate was 21.26 percent (YoY),” NBS wrote on its X account on Thursday.

    The CPI report comes just days before the Central Bank of Nigeria’s (CBN) Monetary Policy Committee meeting scheduled for May 19 and 20, 2025.

    Recall that the inflation rate had surged to 24.23 percent in March following the CPI rebase introduced in January. The CBN had paused interest rate hikes in February after inflation appeared to ease.

     

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    Newly elected ASUU President Professor Chris Piwuna

    ASUU criticises FG over approval of new private universities

    August 21, 2025
    Newly elected ASUU President Professor Chris Piwuna

    ASUU rejects Tinubu’s loan scheme for tertiary workers

    August 21, 2025
    Shatta Wale kicks as Ghana seizes Lamborghini tied to US fraud case

    Shatta Wale gets ¢10m bail, fails to prove ownership of Lamborghini

    August 21, 2025
    Mele Kyari: CNPP, CSOs urge EFCC to activate INTERPOL, extradite Ex-NNPCL boss over looting scandal

    Mele Kyari: CNPP, CSOs urge EFCC to activate INTERPOL, extradite Ex-NNPCL boss over looting scandal

    August 21, 2025
    Alaafin: Tension as Oyo residents protest 23-day curfew amid Ramadan

    Alaafin of Oyo denies supremacy battle with Ooni

    August 21, 2025
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