The National Bureau of Statistics (NBS) has announced that Nigeria’s headline inflation rate slightly decreased to 23.71 percent in April 2025, down from 24.23 percent in March. The bureau disclosed this in its latest Consumer Price Index (CPI) report released on Thursday.
According to the NBS, the movement in April 2025’s headline inflation rate shows a decrease of 0.52 percent compared to March. The report also noted that on a month-on-month basis, the headline inflation rate in April was 1.86 percent, which is 2.04 percent lower than the rate recorded in March 2025 (3.90 percent).
“This means that in April 2025, the rate of increase in the average price level is lower than the rate of increase in the average price level in March 2025,” the NBS explained.
The report also highlighted a drop in the food inflation rate, which stood at 21.36 percent year-on-year in April 2025. This figure is significantly lower by 19.27 percent compared to the 40.53 percent recorded in April 2024.
“The significant decline in the food annual inflation figure is technically due to the change in the base year,” the bureau stated.
On a month-on-month basis, the food inflation rate in April 2025 was 2.06 percent, down by 0.12 percent compared to March 2025 (2.18 percent). The NBS attributed the decrease to the reduction in average prices of staples such as maize flour, wheat grain, dried okra, yam flour, soybeans, rice, Bambara beans, and brown beans.
The report revealed that on a year-on-year basis, food inflation was highest in Benue (51.76 percent), followed by Ekiti (34.05 percent) and Kebbi (33.82 percent). In contrast, Ebonyi (7.19 percent), Adamawa (9.52 percent), and Ogun (9.91 percent) recorded the slowest increases in food prices.
However, on a month-on-month basis, Benue again topped the list with 25.59 percent, while Ekiti (16.73 percent) and Yobe (13.92 percent) followed. In contrast, Ebonyi (-14.43 percent), Kano (-11.37 percent), and Ogun (-7.06 percent) recorded declines in food inflation.
Boluwatife Enome
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