Nigeria’s inflation rate eased to 20.12 percent in August 2025, the National Bureau of Statistics revealed on Monday, 15th September, 2025, showing a slowdown in price hikes driven majorly by reduced food costs.
The latest report from the statistics agency shows that the decrease stemmed from falling average prices of key staples such as imported and local rice, guinea corn flour, loose maize flour, millet, semolina, and soya milk. This reduction shows a 1.76 percentage point drop compared with July’s inflation figure of 21.88 percent.
Food price inflation also experienced a notable decline, sliding to 1.65 percent last month from 3.12 percent in the prior month. The downward trend in food expenses contributed greatly to the moderation of overall inflation rates across Nigeria.
On a year-over-year comparison, the headline inflation for August 2025 was 12.03 percent lower than the 32.15 percent recorded in the same month last year, reflecting an encouraging shift in the pricing dynamics, although influenced partly by a change in the base year used for calculations.
Monthly inflation stood at 0.74 percent in August, representing a 1.25 percent decrease from July’s rate of 1.99 percent.
Over the past twelve months, annual food inflation averaged 25.75 percent, a sizable drop of over 11 percentage points compared to the prior year’s average.
The NBS plans to continue tracking inflation carefully to provide insights into the country’s financial well-being.
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