Nigeria’s Inflation Rate Slows To 20.12% In August – NBS

Nigeria’s header ostentation complaint eased to 20.12 per cent successful August 2025, down from 21.88 per cent recorded successful July, according to the latest information released by the National Bureau of Statistics (NBS) connected Monday.

The fig represents a 1.76 percent constituent diminution from the July rate, indicating a slowdown successful the complaint of summation successful prices crossed the country.

On a year-on-year basis, the August 2025 ostentation complaint was 12.03 percent points little than the 32.15 per cent recorded successful August 2024. This suggests a important moderation successful inflationary pressures compared to the aforesaid play past year, though measured against the November 2009 = 100 basal year.

Month-on-month, the header ostentation complaint stood astatine 0.74 per cent successful August 2025, representing a 1.25 percent constituent alteration from the 1.99 per cent recorded successful July. The NBS noted that the mean terms level successful August roseate astatine a slower gait compared to the erstwhile month.

The information further showed that the percent alteration successful the mean Consumer Price Index (CPI) for the 12 months ending August 2025 was 24.66 per cent. This marked a 6.6 percent constituent driblet compared to 31.26 per cent reported successful August 2024.

Breaking down the figures, the municipality ostentation complaint connected a year-on-year ground stood astatine 19.75 per cent successful August 2025, 14.83 percent points little than the 34.58 per cent recorded successful the aforesaid period of 2024. On a month-on-month basis, municipality ostentation was 0.49 per cent successful August, down from 1.86 per cent successful July, reflecting a diminution of 1.37 percent points.

The twelve-month mean for municipality ostentation was enactment astatine 25.81 per cent successful August 2025, compared to 33.44 per cent successful August 2024 — a alteration of 7.63 percent points.

Similarly, agrarian ostentation eased to 20.28 per cent year-on-year successful August 2025, down from 29.95 per cent successful August 2024. On a month-on-month basis, agrarian ostentation stood astatine 1.38 per cent, little than the 2.30 per cent recorded successful July 2025, representing a 0.92 percent constituent drop.

The 12-month mean agrarian ostentation was 23.07 per cent successful August 2025, compared to 29.32 per cent successful August 2024, showing a 6.25 percent constituent decline.