Abuja, Nigeria — August 15, 2025 | Nigeria’s inflation rate eased to 21.88% in July 2025, down from 22.22% recorded in June, according to the latest figures released by the National Bureau of Statistics (NBS).
The marginal decline marks the second consecutive month of easing inflation, raising cautious optimism among economists and policymakers that recent fiscal and monetary measures may be starting to yield results. The NBS attributed the slowdown to a moderation in food price increases and improved supply chain conditions in certain sectors.
Despite the drop, analysts warn that the inflation rate remains high, continuing to put pressure on household incomes and the cost of living. They stressed that sustained relief would depend on structural reforms in agriculture, energy, and transportation, alongside a stable foreign exchange regime.
Government officials have reiterated their commitment to curbing inflation through targeted interventions aimed at boosting local production, stabilising the naira, and reducing dependence on imports.
The July figures come amid ongoing reforms by the Central Bank of Nigeria and the Federal Government to restore economic stability and strengthen investor confidence in Africa’s largest economy.