Inflation Watch – Base Effect, Lower Food Costs Pull Nigeria’s Inflation Down to 23.71%
Nigeria’s headline inflation rate fell to 23.71% in April 2025, down from 24.23% in March, according to the National Bureau of Statistics (NBS). This 0.52 percentage point decline reflects a gradual easing of price pressures, driven primarily by reduced costs of staple foods. Food inflation dropped to 21.26% year-on-year (from 21.79% in March), with monthly food inflation easing slightly to 2.06% (from 2.18%)…
