Nigeria’s headline inflation may have eased to 23.71% in April 2025, but that national figure hides deeper, more urgent realities across regions and states.

Our latest Research Note breaks down these disparities, revealing where food prices have surged as high as 51.76% and why the moderation in inflation may not equal relief for everyday Nigerians.

From the unexpected winners (like Ondo and Ebonyi) to the growing pressure in the food basket states, this state-level deep dive offers a more accurate picture of inflation’s uneven grip.

You’ll also find insights on:
•⁠  ⁠Rural vs. Urban inflation trends
•⁠  ⁠State-level food inflation leaders and laggards
•⁠  ⁠The limitations of national monetary policy in a regionally diverse economy
•⁠  ⁠What policymakers should consider going forward

Download the full Research Note to explore how these insights could shape smarter decisions for businesses, institutions, and policymakers navigating Nigeria’s evolving economic landscape.

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