food inflation (1).webp
Nigeria's inflation rate dipped to 23.71% in April 2025, a slight decline from March’s 24.23%, according to the latest Consumer Price Index from the National Bureau of Statistics (NBS).

  • The 0.52% drop signals a minor easing in headline inflation pressures month-on-month.
  • April’s month-on-month inflation rate fell to 1.86%, down from 3.90% in March.
  • NBS notes that the price level is still increasing, just at a slower pace than in March.

While the modest drop may not reflect much at the market stall or fuel pump, it provides a data point that suggests inflationary pressures are slightly easing. Nigerians continue to grapple with high food prices, rent hikes, and dwindling purchasing power despite the reported decline.

Will this downward trend continue, or is it merely a statistical pause in a larger inflationary cycle? Analysts and citizens alike are watching closely to see how policy and global factors will shape prices in the coming months.