Nigeria Inflation Rate April 2025 Eases to 23.71% Amid Persistent State-Level Price Pressures

Editor May 16, 2025Last Updated: May 16, 2025

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By DAYO ADESULU

Nigeria inflation rate April 2025 Records Slight Drop

The Nigeria inflation rate April 2025 showed a modest decline, offering some respite from the relentless price surges witnessed over the past year. According to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS), the country’s headline inflation rate fell to 23.71% year-on-year, a noticeable drop from 24.23% in March 2025 and a sharp decrease from 33.69% in April 2024.

On a month-on-month basis, the CPI rose by 1.86% in April, which is significantly lower than the 3.90% increase recorded in March. This drop points to a relative slowdown in the rate at which consumer prices are rising across goods and services.

CPI Index and Nigeria inflation rate April 2025

The NBS reported that the Consumer Price Index stood at 119.52 points in Nigeria inflation rate April 2025, indicating a 2.18-point increase from March. It also revealed a 0.52% decrease in the headline inflation rate compared to the previous month.

Furthermore, year-on-year inflation was down by 9.99% from April 2024, indicating a shift in the inflationary trend, though this change is partially due to a revised base year used in current calculations.

Inflation Above 30% in Ten States and Abuja

Despite the national moderation, regional disparities persist. Ten states and the Federal Capital Territory (FCT) recorded inflation rates exceeding 30%, pointing to uneven price pressures across the country.

The urban Nigeria inflation rate April 2025 was 24.29% year-on-year, while rural inflation stood at 22.83%, both showing declines compared to April 2024. On a monthly basis, urban inflation fell to 1.18%, and rural inflation eased slightly to 3.56%.

Enugu, Kebbi, Niger Top the Inflation List

Among the states in Nigeria inflation rate April 2025, Enugu State had the highest headline inflation at 36.0% year-on-year, accompanied by a 12.3% monthly increase. Its food inflation also remained elevated at 24.4%, reflecting ongoing pressure on staple goods.

Kebbi State followed with a 35.1% inflation rate, while its food inflation surged to 33.8%, rising 4.3% month-on-month. This suggests that food costs are the primary inflation drivers in the state.

In Niger State, the all-items inflation hit 34.8%, marking a staggering 14.7% monthly rise, the highest among the top states. Food inflation in Niger was 24.3%, up 5.7% month-on-month.

Food Prices Skyrocket in Benue, Ekiti, and Sokoto

Nigeria inflation rate April 2025 grew worse in some states. Benue State recorded the most alarming food inflation at 51.8% year-on-year, with an unprecedented 25.6% monthly spike. The all-items inflation for Benue stood at 34.3%, rising by 12.8% in a single month, largely driven by regional insecurity affecting food supply chains.

In Ekiti, both all-items and food inflation matched at 34.0%, while the state experienced 11.0% and 16.7% monthly increases, respectively.

Similarly, Sokoto State reported 30.5% inflation, with a 16.3% monthly surge. Food inflation was at 25.3%, rising sharply by 13.1% month-on-month.

Abuja, Delta, Gombe Report Significant Inflation Pressures

Nigeria inflation rate April 2025 in the Federal Capital Territory had an inflation rate of 32.9%, increasing by 9.8% in April. Interestingly, food inflation in Abuja dipped slightly to 22.2%, indicating a possible stabilisation.

Delta State posted 31.9% inflation and a 10.7% monthly increase, while food inflation remained relatively subdued at 15.9%. This gap suggests that non-food items—such as housing, utilities, and transport—are the main inflation drivers.

In Gombe State, the headline inflation was 31.0%, with a 9.0% month-on-month rise. Food inflation stood at 26.4%, climbing 5.8% compared to March.

National Food Inflation Slows but Remains High in States

Nationally, food inflation eased to 21.26% year-on-year in Nigeria inflation rate April 2025 from 40.53% in April 2024, primarily due to a change in the base year and declining prices of key staples like maize flour, wheat, yam flour, soybeans, rice, and beans.

Month-on-month, food inflation fell slightly to 2.06%, down from 2.18% in March. The 12-month average for food inflation was 31.43%, marginally below the 32.74% recorded a year earlier.

Core Inflation and Energy Costs Also Decline

Core inflation, which excludes volatile food and energy prices, dropped to 23.39% year-on-year in April from 26.84% in April 2024. On a monthly basis, core inflation fell sharply to 1.34%, compared to 3.73% in March.

However, energy prices continued to rise, with a 13.6% month-on-month increase, up from 9.21% in March. Meanwhile, farm produce inflation moderated to 0.95% and services inflation declined to 2.20%, suggesting some relief in non-food categories.

Outlook: Inflation Uneven Despite National Improvement

Although the Nigeria inflation rate in April 2025 shows signs of moderation at the national level, the persistent double-digit inflation in many states underscores that millions of Nigerians are still battling rising costs.

The sharp discrepancies between state and national averages, especially in food inflation, highlight the geographical imbalance of economic recovery and the urgent need for targeted policy interventions.

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