Abuja, Sept. 16, 2025 – Nigeria’s inflation rate dropped to 20.12% in August 2025, from 21.88% in July, the National Bureau of Statistics (NBS) has reported.
The NBS reported this in its latest statistics on Inflation and Consumer Price Index (CPI) released on Monday.
According to the report, the inflation was 12.03% lower than the 32.15% recorded in August 2024 on year-on-year basis.
The headline inflation rate was 1.25% lower in August 2025 than the 1.99% recorded in July 2025 on month-on-month basis.
“This means that in August 2025, the rate of increase in the average price level was lower than the rate of increase in the average price level in July 2025,” it said.
According to the report, food inflation stood at 21.87% in August 2025.
This was 15.65 percentage points lower than the 37.52% recorded in August 2024.
The NBS listed the major items that contributed to the inflation rate in August as food & non-alcoholic beverages (8.05 per cent), restaurants and accommodation services (2.60 per cent), transport (2.15 per cent), housing, water, electricity, gas & other fuel (1.69 per cent), education services (1.25 per cent), health (1.22 per cent), clothing & footwear (1.01 per cent).
Others are information and communication (0.66 per cent), personal care, social protection, and miscellaneous goods and services (0.66 per cent), furnishing, household equipment, and routine household maintenance (0.60 per cent), insurance and financial services (0.09 per cent), alcoholic beverage, tobacco and narcotics (0.07 per cent) and recreation, sport and culture (0.06 per cent).
