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

Nigeria's inflation rate slowed to 20.12% in August 2025, down from 20.24% in July, according to the National Bureau of Statistics (NBS). This represents a 0.12% decline from the previous month, indicating a moderation in the rate of price increases across the country.

The August 2025 inflation rate is also lower than the 20.97% recorded in August 2024, showing a significant decrease in inflationary pressure compared to the previous year. The average price level in August rose at a slower pace compared to the previous month.

Urban inflation stood at 20.12% in August 2025, down from 20.24% in August 2024.