Inflation Continues Downward Trend, Slips to 21.12% in August
Nigeria’s inflation rate continued its downward trend in August 2025, marking the fifth consecutive monthly decline. The National Bureau of Statistics (NBS) reported a drop to 21.12% from July’s 21.88%.
The NBS Consumer Price Index, published on Monday, showed that the drop was primarily driven by a slowdown in food prices, which remain a key component of the inflation basket.
On a month-to-month basis, inflation eased by 0.74 per cent, while food inflation slowed to 1.65 per cent.
The bureau in a post on 𝕏 noted, “In August 2025, the headline inflation rate eased to 21.12 per cent relative to the July 2025 headline inflation rate of 21.88 per cent.”
The figures also represent a significant year-on-year improvement. In August 2024, inflation had stood at 32.15 per cent, underscoring the pace of decline over the past 12 months.
Publisher,
Lagos Post Online,
Lagos Post is an online publication that seeks to provide fair, unbiased, credible, balanced and useful information about Corporate Organisations, Governments and the General Public by breaking news in Business, Politics, Arts, Entertainment, Culture, and Sports in Nigeria, Africa and the World. As a global news portal, we continually stand for responsible journalism and sound media practice.
Email: lagospostng@gmail.com
