The Consumer Price Index (CPI) in Nigeria rose to 121.35 in May 2025, reflecting a 1.83-point increase from the preceding month.
This was made known in a report released on Monday by the National Bureau of Statistics (NBS), which shows that in May 2025, the Headline inflation rate eased to 22.97% relative to the April 2025 headline inflation rate of 23.71%.
Looking at the movement, Naija News reports that the May 2025 Headline inflation rate decreased 0.74% compared to the April 2025 Headline inflation rate.
On a year-on-year basis, the Headline inflation rate was 10.98% lower than the rate recorded in May 2024 (33.95%). This shows that the Headline inflation rate (year-on-year basis) decreased in May 2025 compared to the same month in the preceding year (i.e., May 2024), though with a different base year, November 2009 = 100.
Furthermore, on a month-on-month basis, the Headline inflation rate in May 2025 was 1.53%, which was 0.33% lower than the rate recorded in April 2025 (1.86%).
This means that in May 2025, the rate of increase in the average price level is lower than the rate of increase in the average price level in April 2025.
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