US EditionNigeria's Inflation Rate Eases to 21.88 Percent in July
Nigeria's inflation rate dropped 0.34% in July 2025 to 21.88%, driven by lower prices for key food items, the National Bureau of Statistics reported.
- On Friday, the National Bureau of Statistics reported that July 2025 inflation eased to 21.88%, a 0.34% decrease from June’s 22.22%.
- The NBS noted that the Consumer Price Index was rebased to 2024 as its base year, raising it to 125.9 points and reflecting lower prices for vegetable oil, beans, local rice, maize flour, sorghum, wheat flour and millet.
- Sector breakdowns reveal that core inflation eased to 0.97% month-on-month in July 2025, from 2.46%, and food inflation slowed to 22.74% year-on-year, with its monthly rate easing to 3.12%.
- Despite the annual slowdown, the NBS noted that July’s monthly inflation rate increased to 1.99%, up from June’s 1.68%.
- While the annual rate eases, economists suggest a gradual cut in the Monetary Policy Rate to ease borrowing costs, the Central Bank of Nigeria's cautious approach persists.
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24 Articles
Inflation drops by 0.34% in July
Nigeria’s headline inflation decreased to 21.88% Rate July, according to a report by the National Bureau of Statistics (NBS). The report said July’s figure is a minimal drop of 0.34% when compared to the 22.22% rate for June. It said the three major contributors to the headline inflation were food and non-alcoholic beverages: 8.75%, restaurants and accommodation services: 2.83%, and transport: 2.33%; while the least contributors were recreation,…
Nigeria's inflation eases in July, food price rise - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.
Nigeria’s annual inflation rate eased in July to 21.88% from 22.22% in June, marking the fourth month of decline, data from its statistics agency showed on Friday. Inflation has been on a downward trend this year after the statistics agency updated the base year for its calculations and reweighted the basket of items it uses to gauge price trends. The price index had soared to more than 34% last year before the rebasing. Food inflation, a key dr…
Borno State Tops In Food Inflation As Nigeria Records 21. 88 Percent Headline Inflation
National Bureau of Statistics (NBS) has disclosed decrease in inflation to 21.88 percent in the month of July as against 22.22 percent recorded in the previous month of June, 2025 with food and non-alcoholic beverages driving it. The headline inflation rate for July 2025 decreased to 21.88% compared to the June 2025 rate of 22.22%. This represents a decline of 0.34% from June 2025. This is even as Borno State recorded highest in food inflation a…
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