Nigeria’s annual inflation price eased to twenty.12 per cent in August from 21.88 per cent in July 2025, the National Bureau of Statistics (NBS) mentioned on Monday.
The statistics workplace mentioned the August 2025 headline inflation price confirmed a lower of 1.76 per cent in comparison with the July 2025 headline inflation price.
Inflation indicators evaluate costs of products and companies over 12 months. A decline doesn’t essentially indicate a discount in costs; as an alternative, it reveals the speed of worth improve had fallen in comparison with earlier months.
On a year-on-year foundation, the bureau mentioned the headline inflation price was 12.03 per cent decrease than the speed recorded in August 2024 (32.15 per cent).
This, it mentioned, reveals that the headline inflation price (year-on-year foundation) decreased in August 2025 in comparison with the identical month within the previous yr (i.e., August 2024), although with a distinct base yr, November 2009 = 100.
The NBS mentioned on a month-on-month foundation, the headline inflation price in August 2025 was 0.74 per cent, which was 1.25 per cent decrease than the speed recorded in July 2025 (1.99 per cent).
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“Which means that in August 2025, the speed of improve within the common worth degree was decrease than the speed of improve within the common worth degree in July 2025,” it mentioned.
The report mentioned the meals inflation price in August 2025 was 21.87 per cent on a year-on-year foundation. This was 15.65 share factors decrease in comparison with the speed recorded in August 2024 (37.52 per cent).
