Nigeria’s inflation eased to 20.12% in August 2025, marking the fifth consecutive monthly decline, according to the National Bureau of Statistics.
Nigeria’s headline inflation slowed to 20.12 per cent in August 2025, the fifth consecutive monthly drop, offering some relief to households battling high living costs.
The National Bureau of Statistics (NBS) said Monday that inflation fell from 21.88 per cent in July, a 1.76 percentage point decline. It also marked a sharp drop from 32.15 per cent recorded in August 2024.
Food inflation moderated to 21.87 per cent year-on-year, compared with 37.52 per cent a year earlier, driven by lower prices of staples including rice, maize flour, and millet. However, food costs remain elevated, especially in northern states affected by insecurity and supply bottlenecks.
Urban inflation eased to 19.75 per cent, while rural inflation stood higher at 20.28 per cent. Core inflation, which excludes food and energy, was 20.33 per cent.
The slowdown comes ahead of the Central Bank of Nigeria’s policy meeting on September 22–23, where interest rates are expected to be reviewed.