Nigeria’s inflation dropped to 23.7 percent in April, from 24.23 percent in March 2025.
The National Bureau of Statistics, (NBS), disclosed this in its April Consumer Price Index and inflation data released on Thursday.
The figure showed that Nigeria’s inflation cooled off by 1.86 percent on a month-on-month basis.
Similarly, the food inflation rate in April stood at 21.26 percent.
“In April 2025, the headline inflation rate eased to 23.71 percent relative to the March 2025 headline inflation rate of 24.23 percent.
“The MoM headline inflation rate in April 2025 was 1.86 percent. The food inflation rate was 21.26 percent (YoY),” NBS wrote on its X account on Thursday.