Nigeria’s inflation rate eased again in July 2025, marking the fourth consecutive month of decline, according to fresh data from the National Bureau of Statistics (NBS).
Find delivery companies in minutes on Carry.ng — Nigeria’s growing delivery marketplace
Figures from the Consumer Price Index (CPI) released on Friday showed that headline inflation dropped to 21.88% in July 2025, down from 22.22% in June. The new figure is also a sharp fall compared to the 33.40% recorded in July 2024.
The NBS report explained that the CPI rose to 125.9 points in July from 123.4 points in June, reflecting slower price increases across major categories. “In July 2025, the Headline inflation rate eased to 21.88 per cent relative to the June 2025 headline inflation rate of 22.22 per cent,” the bureau stated.
Food inflation, which has been the biggest pressure on household budgets, also moderated significantly. It stood at 22.74% year-on-year, compared to 39.53% in July 2024. On a monthly basis, food prices rose by 3.12%, slightly lower than June’s 3.25%. The moderation was linked to slower price increases in staples like rice, maize, millet, vegetable oil, and wheat flour.
Despite this, Nigerians continue to face rising costs month-to-month. The monthly inflation rate climbed to 1.99% in July, up from 1.68% in June, showing that short-term price pressures remain.
Urban inflation was measured at 22.01%, while rural inflation stood at 21.08%. However, rural dwellers bore the brunt of monthly increases, recording 2.30% compared to 1.86% in urban areas.
📰 Latest News Today
Core inflation — which excludes food and energy — also slowed to 21.33% in July from 27.47% a year earlier.
At the state level, Borno (34.52%), Niger (27.18%), and Benue (25.73%) recorded the highest headline inflation, while Yobe (11.43%), Zamfara (12.75%), and Katsina (15.64%) posted the lowest.
Although Nigeria’s inflation outlook is improving year-on-year, the persistent monthly increases underline that many households are still struggling with a high cost of living.
#NigeriaEconomy #InflationDrop #NBSEconomy #CostOfLiving #FoodPrices #NigeriaNews #CPIReport #NigerianHouseholds