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

NCC Says New Data Tools Will Hold Network Operators Accountable

BY NKECHI NAECHE-ESEZOBOR—Nigeria’s telecom regulator, the Nigerian Communications Commission (NCC), recently shared...

Tinubu Commends Nigerian Navy at 70th Anniversary Fleet Review

President Bola Ahmed Tinubu, on Monday, commended the Nigerian Navy for its...

IGP Disu Approves Promotion of 17,952 Junior Police Officers Nationwide

The Inspector-General of Police, IGP Olatunji Rilwan Disu, has approved the promotion...

Tinubu Defends Fuel Subsidy Removal, Cites Economic Recovery

President Bola Tinubu has said that the removal of fuel subsidy was...