Headline Inflation Drops to 23.7%
The Nationwide Bureau of Statistics (NBS) says Nigeria’s headline inflation fee barely dropped to 23.71 % in April 2025 – down from the 24.23 % in March.
NBS introduced the rise in its shopper worth index (CPI) on Thursday.
In keeping with the bureau, the motion for April 2025 “headline inflation fee confirmed a lower of 0.52% in comparison with the March 2025 Headline inflation fee”.
“On a month-on-month foundation, the Headline inflation fee in April 2025 was 1.86%, which was 2.04% decrease than the speed recorded in March 2025 (3.90%),” NBS stated.
“Which means in April 2025, the speed of enhance within the common worth degree is decrease than the speed of enhance within the common worth degree in March 2025.”
NBS additional stated the meals inflation fee in April 2025 was 21.36 % on a year-on-year foundation.
This, the bureau stated, is nineteen.27 % decrease in comparison with the speed recorded in April 2024 (40.53 %).
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“The numerous decline within the meals annual inflation determine is technically because of the change within the base yr,” the statistics agency stated.
“Nonetheless, on a month-on-month foundation, the Meals inflation fee in April 2025 was 2.06%, down by 0.12% in comparison with March 2025 (2.18%).
“The lower will be attributed to the speed of lower within the common costs of Maize (Corn) Flour, Wheat Grain, Okra Dried, Yam Flour, Soya Beans, Rice, Bambara beans, Brown Beans, and so forth.”
The report stated that in April 2025, meals inflation on a year-on-year foundation was highest in Benue (51.76 %), Ekiti (34.05 %), and Kebbi (33.82 %), whereas Ebonyi (7.19 %), Adamawa (9.52%), and Ogun (9.91 %) recorded the slowest rise.
On a month-on-month foundation, nevertheless, NBS stated meals inflation was highest in Benue (25.59 %), Ekiti (16.73 %), and Yobe (13.92 %).
The bureau added that Ebonyi (-14.43 %), Kano (-11.37 %) and Ogun (-7.06 %), recorded a decline in meals inflation.
