Nigeria’s inflation rate declined for the fifth month in a row in August 2025, bringing relief to consumers facing persistent high living costs.
According to data released by the National Bureau of Statistics (NBS) on Monday, the headline inflation rate fell to 20.12%, down from 21.88% in July — a drop of 1.76 percentage points month-on-month, and a significant decline from 32.15% recorded in August 2024.
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 points in July.
The NBS report noted that month-on-month inflation stood at 0.74%, significantly lower than the 1.99% recorded in July, indicating a slower pace of price increases nationwide.
The agency stated: “In August 2025, the Headline Inflation rate eased to 20.12 per cent relative to the July 2025 headline inflation rate of 21.88 per cent.”
The consistent decline in inflation suggests that recent economic policies and monetary tightening may be yielding results, although food and energy prices remain areas of concern.
