Nigeria’s Inflation Rate Drops to 20.12% in August — NBS
Nigeria’s headline inflation rate eased to 20.12% in August 2025, down from 21.88% in July 2025, according to the latest data from the National Bureau of Statistics (NBS).
The decline represents a 1.76% decrease compared to the July rate.
In its report, the NBS noted that the month-on-month headline inflation rate stood at 0.74% in August, significantly lower than the 1.99% recorded in July, indicating a slower rate of increase in average prices.
Food inflation on a monthly basis was reported at 1.65%.
On a year-on-year basis, the inflation rate dropped by 12.03% from 32.15% in August 2024 to 20.12% in August 2025, reflecting a notable decline.
The NBS further revealed that the Consumer Price Index (CPI) rose to 126.8 in August 2025, up from 125.9 in July, representing a 0.9-point increase.
NigeriaEconomy #InflationUpdate #NBSSurvey
Nigeria’s headline inflation rate eased to 20.12% in August 2025, down from 21.88% in July 2025, according to the latest data from the National Bureau of Statistics (NBS).
The decline represents a 1.76% decrease compared to the July rate.
In its report, the NBS noted that the month-on-month headline inflation rate stood at 0.74% in August, significantly lower than the 1.99% recorded in July, indicating a slower rate of increase in average prices.
Food inflation on a monthly basis was reported at 1.65%.
On a year-on-year basis, the inflation rate dropped by 12.03% from 32.15% in August 2024 to 20.12% in August 2025, reflecting a notable decline.
The NBS further revealed that the Consumer Price Index (CPI) rose to 126.8 in August 2025, up from 125.9 in July, representing a 0.9-point increase.
NigeriaEconomy #InflationUpdate #NBSSurvey
Nigeria’s Inflation Rate Drops to 20.12% in August — NBS
Nigeria’s headline inflation rate eased to 20.12% in August 2025, down from 21.88% in July 2025, according to the latest data from the National Bureau of Statistics (NBS).
The decline represents a 1.76% decrease compared to the July rate.
In its report, the NBS noted that the month-on-month headline inflation rate stood at 0.74% in August, significantly lower than the 1.99% recorded in July, indicating a slower rate of increase in average prices.
Food inflation on a monthly basis was reported at 1.65%.
On a year-on-year basis, the inflation rate dropped by 12.03% from 32.15% in August 2024 to 20.12% in August 2025, reflecting a notable decline.
The NBS further revealed that the Consumer Price Index (CPI) rose to 126.8 in August 2025, up from 125.9 in July, representing a 0.9-point increase.
NigeriaEconomy #InflationUpdate #NBSSurvey
0 Commentarii
·0 Distribuiri
·830 Views
