Nigeria’s headline inflation rate eased to 20.12 per cent in August 2025, down from 21.88 per cent in July, the National Bureau of Statistics (NBS) announced on Monday.
According to the NBS, this 1.76 percentage-point drop reflects a continued decline in inflation, especially for food items.
On a month-on-month basis, headline inflation in August stood at 0.74 per cent, which is 1.25 points lower than the 1.99 per cent recorded in July.
Food inflation, the major contributor to the basket of everyday basic goods, also moderated.
On a yearly basis, food inflation was 21.87 per cent in August 2025, down sharply from 37.52 per cent in August 2024. On a monthly basis, food inflation dropped to 1.65 per cent, from 3.12 per cent in July.
The report noted that the decline in food inflation was due to falling average prices of staples such as imported rice, local rice, guinea corn flour, loose maize flour, sorghum (guinea corn), millet, semolina, soya milk, among others.
Further, the NBS pointed out that, compared to August 2024, the headline inflation rate was 12.03 percentage points lower (32.15 per cent in August 2024).
In its data, the NBS also revealed that the Consumer Price Index (CPI) rose to 126.8 in August, up from 125.9 in July.
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