As of April 2025, Nigeria’s national inflation rate eased to 23.71%, down from 24.23% in March, according to the National Bureau of Statistics (NBS). However, certain regions continue to experience significantly higher inflation rates.
In Abuja, the Federal Capital Territory, the all-items inflation rate surged to 32.9% year-on-year, with a 9.8% increase on a month-on-month basis.
Additionally, ten other states reported inflation rates exceeding 30%, indicating persistent economic strain in these areas.
ALSO CHECK OUT: World Bank Says CBN Policies Could Cut Inflation to 22.1%
The NBS report read, “The Consumer Price Index rose to 119.52 in April 2025, reflecting a 2.18-point increase from the preceding month. In April 2025, the Headline inflation rate eased to 23.71 per cent relative to the March 2025 headline inflation rate of 24.23 per cent. Looking at the movement, the April 2025 Headline inflation rate showed a decrease of 0.52 per cent compared to the March 2025 Headline inflation rate.
“On a year-on-year basis, the Headline inflation rate was 9.99 per cent lower than the rate recorded in April 2024 (33.69 per cent). This shows that the Headline inflation rate (year-on-year basis) decreased in April 2025 compared to the same month in the preceding year (i.e., April 2024), though with a different base year.”
