Nigeria’s inflation rate fell to 20.12 per cent in August 2025, marking a significant drop from 21.68 per cent recorded in July, according to the latest figures released by the National Bureau of Statistics (NBS).
The report, published on Monday, shows a decline of 1.76 percentage points month-on-month, with the headline inflation rate at 0.74 per cent, compared to 1.99 per cent in July.
On food prices, the bureau said the food inflation rate stood at 1.65 per cent in August on a month-to-month basis.
Year-on-year, Nigeria’s inflation showed an even sharper decline, falling by 12.03 percentage points from 32.15 per cent recorded in August 2024.
“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 NBS explained.
The Consumer Price Index (CPI), which measures the average change in prices of goods and services, rose slightly to 126.8 points in August, up from 125.9 in July.
