Nigeria's Inflation Rate Drops to 20.12% in August - NBS Report

Nigeria's inflation rate decreased to 20.12% in August 2025, down from July's 20.24%, as reported by the National Bureau of Statistics (NBS). The Consumer Price Index rose slightly in August, indicating a slower price increase across the country.

Urban inflation eased compared to a year earlier, while rural inflation saw a slight increase. Food inflation remained a significant driver of the overall inflation rate.

This decline in headline inflation suggests a moderation in price pressures, providing some relief to consumers. The NBS data highlights the ongoing efforts to stabilize the economy and manage inflationary trends in Nigeria.