Nigeria’s headline inflation rate dropped to 24.23.71% in April 2025 relative to the March 2025 headline inflation rate of 24.23%.
Data released this Thursday by the National Bureau of Statistics shows that this represents a decrease of 0.52% from March 2025.
The NBS contributions to Headline Inflation were food and non-alcoholic Beverages, Restaurants & Accommodation Services and Transport while the least contributors were Alcoholic Beverages, Tobacco, and Narcotics.
On a month-on-month basis, the headline inflation rate in April 2025 was 1.86%, which was 2.04% lower than the rate recorded in March 2025 (3.90%).
Food inflation rate in April 2025 was 21.26% on a year-on-year basis and 2.06% on a month- on month basis.
NBS says the decrease can be attributed to the reduction in average prices of items such as Maize (Corn) Flour, Wheat Grain, Okro Dried, Yam Flour, Soya Beans, Rice, Bambara nuts, Brown Beans etc.