US EditionNigeria's Inflation Rate Eased to 23.71% in April Amid Food Price Decline
- Nigeria's inflation rate decreased to 23.71% in April 2025, as announced at a ministerial briefing in Abuja on Friday.
- This decline came after the government implemented measures across farming, transportation, and service sectors to lower food costs and alleviate financial strain.
- Price decreases in key staples such as maize meal, wheat, yam powder, okra, soybeans, rice, and various beans played a major role in the reduction of inflation.
- Month-on-Month inflation slowed to 1.86%, while food inflation eased to 21.26% year-on-year, reflecting a 0.52 percentage point drop from March’s 24.23%.
- The easing suggests modest economic improvement and may support enhanced consumer purchasing power, though inflation remains high and further policy efforts are needed.
21 Articles
21 Articles
Inflation eases as Tinubu’s reforms show early gains - Minister confirms
The Federal Government has announced that President Bola Tinubu’s economic reforms are beginning to yield results, with Nigeria’s inflation rate showing a notable decline, according to the latest figures from the National Bureau of Statistics (NBS).
Inflation: Tinubu's hard decisions beginning to bear fruits - Nigerian govt
The Minister of Information and National Orientation, Mohammed Idris, has said that the hard decisions taken by President Bola Tinubu are beginning to bear fruit. The Minister stated this at the 2025 ministerial briefing series held at the National Press Centre, Abuja on Friday. The Minister was reacting to the recent report released by the National Bureau of Statistics, which indicated that inflation has eased. DAILY POST reported yesterday tha…
Drop in food prices, others reduces inflation to 23.71% - Daily Trust
The National Bureau of Statistics (NBS) has stated that the average price of food and other commodities recorded a decline between the months of March and April. According to the bureau, this led to a marginal drop of 0.52% in headline inflation to 23.71% in April relative to the March 2025 headline inflation rate of 24.23%. The bureau added that the inflation figure, when compared to April 2024 was 9.99% lower, even though the 33.69% recorded w…
Nigeria's Inflation Rate Eased to 23.71% in April Amid Food Price Decline
Nigeria's headline inflation rate eased for the first time in months, dropping to 23.71% in April, 2025, from 24.23% recorded in March 2025, according to the latest report released by the National Bureau of Statistics (NBS).
NBS Names Three Nigerian States with Highest Food Price Hikes
Benue, Ekiti, and Kebbi States have recorded the highest year-on-year food inflation rates in Nigeria, according to the latest Consumer Price Index report released by the National Bureau of Statistics (NBS) on Thursday. The report revealed that Benue State topped the list with a year-on-year food inflation rate of 51.76 percent, followed by Ekiti at 34.05 percent and Kebbi at 33.82 percent. This indicates that residents in these states faced the…
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