Nigeria’s inflation rate has slightly declined, dropping to 23.71% in April 2025 from 24.23% in March, according to the latest data released by the National Bureau of Statistics (NBS).

In its Consumer Price Index (CPI) update released Thursday, the NBS reported a 0.52% decrease in the headline inflation rate month-on-month.

“This means that in April 2025, the rate of increase in the average price level is lower than the rate recorded in March 2025,” the bureau explained.

On a month-on-month basis, the headline inflation rate was 1.86% in April, significantly lower than 3.90% in March, indicating a cooling in price pressures across sectors.

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Although inflation remains high, this is a positive signal for the economy, especially for households and businesses feeling the pressure of rising costs in previous months.

More updates and sector breakdowns to come.

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