The National Bureau of Statistics (NBS) has reported that Nigeria’s headline inflation rate eased to 21.88% in July 2025, down from 22.22% in June, marking the fourth straight month of disinflation this year.
In its Consumer Price Index (CPI) report released on Friday, the NBS said the July figure reflected a 0.34% decrease compared to the previous month’s rate. Year-on-year, inflation was 11.52% lower than the 33.40% recorded in July 2024.
However, the bureau noted that prices rose at a faster pace month-on-month, with July’s inflation rate at 1.99%, up by 0.31% from June’s 1.68%.
The NBS identified food and non-alcoholic beverages, restaurants and accommodation services, and transport as the major drivers of the inflation rate in July.
