Nigeria’s headline inflation rate eased to 20.12% in August 2025, lower than the 21.88% recorded in July 2025, according to the latest data released by the National Bureau of Statistics (NBS) on Monday.
The report showed that the August rate declined by 1.76 percentage points compared to July.
On a year-on-year basis, inflation also dropped significantly by 12.03 percentage points, down from 32.15% in August 2024.
The NBS explained that the decline in the annual rate was largely due to a change in the base year (November 2009 = 100).
On a month-on-month basis, headline inflation stood at 0.74% in August, representing a 1.25% decrease from 1.99% in July 2025. This, the Bureau noted, means the average price level grew at a slower pace in August compared to July.
The report also showed that food inflation eased to 21.87% year-on-year in August 2025, down from 37.52% in August 2024 — a decline of 15.65 percentage points.
On a month-to-month comparison, food inflation was 1.65% in August, lower than 3.12% in July 2025.
The fall, according to the NBS, was driven by a slowdown in the prices of key food items such as imported and local rice, guinea corn flour, maize flour, sorghum, millet, semolina, and soya milk.
The average annual food inflation for the 12 months ending August 2025 stood at 25.75%, which was 11.24 percentage points lower than the 36.99% recorded in August 2024.
