The headline inflation rate in Nigeria eased to 23.71% in April 2025, relative to the March 2025 headline inflation rate of 24.23%, showing a decrease of 0.52%.
This latest data was contained in the Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Thursday.
NBS said at the divisional level, the three major contributors to the headline inflation were Food and non-alcoholic Beverages: 9.49%, Restaurants & Accommodation Services: 3.06%, and Transport: 2.53%; while the least contributors were Alcoholic Beverages, Tobacco, and Narcotics: 0.09%, Recreation, Sport, and Culture: 0.07%.
It said on a month-on-month basis, the headline inflation rate in April 2025 was 1.86%, which was 2.04% lower than the rate recorded in March 2025 (3.90%).
The Bureau said the food inflation rate in April 2025 was 21.26% on a year-on-year basis. On a month-on-month basis, the food inflation rate in April 2025 was 2.06%, a decline of 0.12% compared to March 2025 (2.18%).
The decrease, according to NBS, was attributed to the reduction in average prices of items such as Maize (Corn) Flour, Wheat Grain, Okro Dried, Yam Flour, Soya Beans, Rice, Bambara beans, Brown Beans etc.
It revealed that the core inflation, which excludes the prices of volatile agricultural produce and energy, stood at 23.39% in April2025 on a year-on-year basis. On a month-on-month basis, the core inflation rate was 1.34% in April 2025, down by 2.39% compared to March 2025 (3.73%).
The Bureau gave the newly introduced sub-index as follows: Farm Produce: 2.64%, Energy: 9.21%, Services: 3.44%, and Goods: 3.89%
Urban and Rural Inflation Rates
On a year-on-year basis, the urban inflation rate in April 2025 was 24.29%. On a month-on-month basis, the urban inflation rate was 1.18% in April 2025, a decrease of 2.78% compared to March 2025 (3.96%).
The rural inflation rate in April 2025 was 22.83% on a year-on-year basis. On a month-on-month basis, the rural inflation rate in April 2025 was 3.56%, a fall of 0.17% compared to March 2025 (3.73%).
State-Level Analyses
The all-item index for April 2025, on a year-on-year basis, was highest in Enugu (35.98%), Kebbi (35.13%), and Niger (34.85%), while Ondo (13.43%), Cross River (17.11%), Kwara (17.28%) recorded the lowest rise in headline inflation on a year-on-year basis. On a month-on-month basis, April2025 recorded the highest increases in Sokoto (16.26%), Nasarawa (16.02%), Niger (14.74%), while Oyo (-6.45%), Osun (-4.54%) and Ondo (-3.44%) recorded declines in month-on-month inflation.
State-level analyses of the food index in April 2025 show that food inflation on a year-on-year basis was highest in Benue (51.76%), Ekiti (34.05%), Kebbi (33.82%), while Ebonyi (7.19%), Adamawa (9.52%), and Ogun (9.91%) recorded the slowest rise in food inflation on a year-on-year basis. On a month-on-month basis, however, April 2025 food inflation was highest in Benue (25.59%), Ekiti (16.73%), and Yobe (13.92%), while Ebonyi (-14.43%), Kano (-11.37%) and Ogun (-7.06%) recorded declines in food inflation on a month-on-month basis.
