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.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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