Nigeria’s inflation rate fell for the fifth straight month in August, easing to 21.12 percent from 21.88 percent in July 2025, largely driven by a decline in food prices, according to data from the National Bureau of Statistics (NBS).
On a month-on-month basis, it slowed by 0.74 percent, while food inflation rose more modestly at 1.65 percent.
The figures represent a significant improvement compared to August 2024, when it stood at 32.15 percent.
“In August 2025, the headline inflation rate eased to 21.12 percent relative to the July 2025 headline inflation rate of 21.88 percent,” NBS confirmed on X.
The development could influence the Central Bank of Nigeria (CBN) at its next Monetary Policy Committee (MPC) meeting, where policymakers may consider either retaining the 27.50 percent interest rate or implementing a cut.
