Nigeria’s Inflation Rate Eases for Fifth Consecutive Month in August

Abuja, Nigeria – September 16, 2025 – Nigeria’s headline inflation has continued its downward trend, recording a decline for the fifth straight month in August, official figures have shown.

According to the National Bureau of Statistics (NBS), the inflation rate fell to 20.12% in August, down from 21.88% in July. This marks the lowest level so far in 2025, bringing some relief to households and businesses struggling with high living costs.

Economists attribute the drop largely to slowing food price inflation, particularly in staple items such as rice, maize, and vegetable oil. The improved stability in the exchange rate and better harvest yields also contributed to easing price pressures.

Despite this positive development, analysts warn that inflation remains high by historical standards, continuing to erode purchasing power for millions of Nigerians. Energy prices and insecurity in food-producing regions are still pressing concerns that could reverse the gains in the coming months.

The Central Bank of Nigeria (CBN), which has maintained a tight monetary stance to curb inflation, is expected to review its interest rate policy in light of the latest figures.

Business groups have welcomed the moderation but urged the government to sustain reforms that will strengthen the naira, improve electricity supply, and tackle supply chain disruptions.

For ordinary Nigerians, the inflation slowdown offers hope, but many say they are still waiting to feel the impact in their daily expenses.