By Abiola Olawale
Nigeria’s headline inflation rate has eased to 21.88% in July 2025, marking a continued downward trend from 22.22% in June, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS).
The NBS reported that the decline, representing a 0.34% drop month-on-month, signals optimism for economic stabilization.
The NBS also reported that the July 2025 inflation rate is 11.52% lower than the 33.40% recorded in July 2024.
The slowdown is attributed partly to a rebased CPI and a change in the base year to November 2009, which has recalibrated price growth measurements.
“This means that in July 2025, the rate of increase in the average price level was higher than the rate of increase in the average price level in June 2025,” the NBS said.
According to the report, the food inflation rate in July 2025 was 22.74 per cent on a year-on-year basis. This was 16.79 percentage points lower compared to the rate recorded in July 2024 (39.53 per cent).
