Nigeria’s inflation rate again eases to 20.12% in August
Nigeria’s inflation rate eased to 20.12 per cent in August 2025 representing 1.76 percentage points from 21.88 per cent in July 2025.
The development represents the 4th consecutive month of decline since April 2025, when it stood at 23.71 per cent
Nigeria’s apex statistical agency, the National Bureau of Statistics, NBS, dropped the hint Monday in its Consumer Price Index, CPI, Report for August 2025.
The NBS in its report said that the month-on-month headline inflation rate in August 2025 was 0.74 per cent, while the food inflation rate was 1.65 per cent on a monthly basis.
On a year-on-year basis, the rate was 12.03 per cent lower than the rate recorded in August 2024 (32.15 per cent).
This, the NBS said, showed that the headline inflation rate (year-on-year basis) decreased in August 2025 compared to the same month in the preceding year (i.e., August 2024), “though with a different base year, November 2009 = 100”.
On a month-on-month basis, the headline inflation rate in August 2025 was 0.74 per cent, which was 1.25 per cent lower than the rate recorded in July 2025 (1.99 per cent).
“This means that in August 2025, the rate of increase in the average price level was lower than the rate of increase in the average price level in July 2025.
“The Consumer Price Index (CPI) rose to 126.8 in August 2025 reflecting a 0.9-point increase from the preceding month (125.9) ,” the NBS said in the report.
