Inflation rate drops to 20.12% in August 2025 from 21.88% in July — NBS
National Bureau of Statistics NBS
Abdullateef Fowewe
In August 2025, the headline inflation rate eased to 20.12%, down from 21.88% recorded in July 2025, National Bureau of Statistics, revealed in its latest report.
The month-on-month (MoM) headline inflation rate for August was 0.74%, with food inflation contributing a 1.65% increase over the same period.
In August 2024, the country’s inflation stood at 32.15 percent but eased to 21.12 percent in the same period this year.
“In August 2025, the headline inflation rate eased to 20.12 percent relative to the July 2025 headline inflation rate of 21.88 percent,” NBS stated.
This means that the Central Bank of Nigeria, CBN, Monetary Policy Committee in its next meeting may either retain the interest rate, which stood at 27.50 percent, and other parameters, or cut the rate.
