Latest report by the National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate for July 2025 dropped to 21.88% as against June 2025, which stood at 22.22%.
According to NBS, Nigeria has experienced four consecutive drops in inflation for the year 2025.
The Consumer Price Index (CPI) report further revealed that Headline inflation rate in July 2025 was 1.99 per cent, which was 0.31 per cent higher than the rate recorded in June 2025 (1.68 per cent)”
It also revealed that July’s inflation rate eased to 3.12 per cent, as compared to the previous month.
Core inflation, which excludes the prices of volatile agricultural products and energy, stood at 21.33 per cent in July 2025 on a year-on-year basis; a decline of 6.13 per cent when compared to the 27.47 per cent recorded in July 2024.
The food inflation rate in July 2025 was 22.74 per cent on a year-on-year basis. On a month-on-month basis, the food inflation rate in July 2025 was 3.12 per cent, down by 0.14 per cent compared to June 2025 (3.25 per cent).