Nigeria’s headline inflation slowed for the fifth consecutive month in August 2025, giving consumers some relief from persistently high living costs.
Nigeria’s headline inflation slowed for the fifth consecutive month in August 2025, data released by the National Bureau of Statistics (NBS) on Monday showed.
According to the NBS, inflation fell to 20.12% in August, down from 21.88% in July — a 1.76 percentage point drop. It also marks a steep decline from 32.15% recorded in August 2024.
The Consumer Price Index (CPI), which tracks price changes for goods and services, rose slightly to 126.8 points from 125.9 points in July. Month-on-month inflation stood at 0.74%, sharply lower than July’s 1.99%, pointing to slower price increases across the economy.
Urban inflation eased to 19.75% year-on-year in August (from 34.58% a year earlier), while rural inflation was higher at 20.28% (from 29.95%). On a monthly basis, urban inflation slowed to 0.49% versus 1.86% in July, while rural inflation moderated to 1.38% from 2.30%.
Food inflation — the biggest contributor to the inflation basket — also moderated but remained elevated. It dropped to 21.87% year-on-year from 37.52% in August 2024, and slowed to 1.65% month-on-month compared to 3.12% in July.
The NBS noted that inflationary pressures remain uneven, with rural communities facing sharper price growth due to transport, distribution, and supply chain challenges.
