The National Bureau of Statistics (NBS) has disclosed that Nigeria’s inflation dropped to 23.7 percent in April, from 24.23 percent in March 2025.
The bureau made this known in its April Consumer Price Index and inflation data released on Thursday.
According to the release, the country’s inflation cooled off by 1.86 percent on a month-on-month basis.
In the same vein, the food inflation rate in April stood at 21.26 percent.
The latest CPI data comes ahead of the Central Bank of Nigeria’s Monetary Policy Committee meeting slated for May 19 and 20, 2025.
It would be recalled that Nigeria’s inflation rose to 24.23 percent in March for the first time after CPI rebase in January 2025.
In February, the CBN MPC paused interest rate increments after inflation dropped.
