May 15, 2025

Relief As Nigeria’s Inflation Rate Drops By 0.52%pts, Eases To 23.7% In April

The New Diplomat

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Inflation May Push Six Million More Nigerians Below Poverty Level---World Bank

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By Kolawole Ojebisi

The National Bureau of Statistics (NBS), on Thursday, said Nigeria’s headline inflation rate dropped slightly to 23.71 percent in April from the the 24.23 percent recorded in March.

NBS announced the decrease in its consumer price index (CPI).

The latest figure marks a modest decline of 0.52 percentage points, offering a glimmer of hope amid persistent economic challenges and rising cost-of-living pressures across the country.

Meanwhile, economic analysts have said Nigerians can only heave a sigh of relief when the figures on paper translate to tangible economic prosperity reflected in the way and manner citizens of the country live.

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