Nigeria’s headline inflation rate dropped to 20.12% in August 2025, marking a significant decline from the 21.88% recorded in July 2025, according to the latest data released by the National Bureau of Statistics (NBS).
The report, published on Sunday, reflects a 1.76 percentage point decrease in the country’s inflation rate month-on-month, signalling a possible easing of consumer price pressures.
On a year-on-year basis, the headline inflation rate also showed a sharp improvement, falling by 12.03 percentage points from 32.15% recorded in August 2024.
“This indicates that the headline inflation rate (year-on-year) decreased in August 2025 compared to the same month in the preceding year, though with a different base year, November 2009 = 100,” the NBS noted in its report.
The month-on-month inflation rate in August 2025 stood at 0.74%, down significantly from 1.99% in July 2025. This suggests that the pace of price increases slowed in August compared to the previous month.
“This means that in August 2025, the rate of increase in the average price level was lower than the rate recorded in July 2025,” the report stated.
On a monthly basis, the food inflation rate was reported at 1.65%, down from the previous month, indicating relief for Nigerian households battling rising food prices. However, food inflation remains a key concern for the average consumer and continues to play a major role in the broader inflation trend.
Despite the overall slowdown in inflation, the Consumer Price Index (CPI) rose from 125.9 in July to 126.8 in August 2025, reflecting a 0.9-point increase in the average price level across goods and services tracked by the bureau.
