Home News Inflation Rate declines in April: Harbinger of better things To Come: NBS report
News

Inflation Rate declines in April: Harbinger of better things To Come: NBS report

Share
Share

In April 2025, the headline inflation rate eased to 23.71% relative to the March 2025 headline inflation rate of 24.23%. Looking at the movement, the new inflation rate showed a decrease of 0.52% compared to the March 2025 Headline inflation rate.

On a year-on-year basis, the Headline inflation rate was 9.99% lower than the rate recorded in April 2024 (33.69%). 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, November 2009 = 100.

Furthermore, 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%). This means that in April 2025, the rate of increase in the average price level is lower than the rate of increase in the average price level in March 2025.

Share
Related Articles

Continental Re Strengthens IPO with Five-Year Shareholder Commitment, Stronger Profits

BY NKECHI NAECHE-ESEZOBOR—-Continental Reinsurance Holdings Limited has announced a strengthened investment proposition...

Tinubu Returns to Abuja After Completing Umrah in Saudi Arabia

President Bola Ahmed Tinubu on Wednesday departed King Abdulaziz International Airport, Jeddah,...

Canada Introduces New Rules to Streamline Asylum Claim Process

The Government of Canada has introduced new regulations aimed at modernizing and...

NSA Office: Terrorism Financing Attracts ₦200m Fine for Companies

Companies found receiving funds linked to terrorism risk a ₦200 million fine,...