Nigeria’s inflation rate has eased slightly to 23.71% in April 2025, down from 24.23% in March. This is according to the latest Consumer Price Index released by the National Bureau of Statistics.

The monthly inflation rate also dropped to 1.86%, compared to 3.90% in March, signaling a slowdown in price increases across the country.

Food inflation stood at 21.26% year-on-year, with price drops recorded for items like maize flour, yam flour, rice, and okro. Core inflation—excluding volatile food and energy—was 23.39%.

Enugu, Kebbi, and Niger recorded the highest year-on-year inflation, while Ondo, Cross River, and Kwara saw the lowest.

The NBS attributes these changes to improved data methods and a recent rebasing of the CPI, updating the reference year from 2009 to 2023 to better reflect Nigeria’s current economy.

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