Abuja, Nigeria | Tuesday, September 16, 2025
Nigeria’s headline inflation rate moderated to 20.12% in August 2025, a drop from the 21.88% recorded in July, according to the latest data released by the National Bureau of Statistics (NBS).
The decline reflects a slowdown in the rate at which food and energy prices are rising, providing a slight relief to households and businesses battling high living costs. Although prices continued to increase across most categories, the pace of growth in the average price level was notably weaker than the previous month.
Analysts attribute the easing to improved food supply from the harvest season, stabilisation in fuel availability following recent refinery distributions, and tighter monetary measures aimed at curbing inflationary pressures.
Despite the moderation, inflation remains significantly above the Central Bank of Nigeria’s long-term target, leaving consumers under pressure. Economists caution that persistent exchange rate volatility, high logistics costs, and global commodity price swings could limit further declines in the coming months.
The development, however, signals a possible turning point for Nigeria’s inflation trend, raising hopes of sustained moderation if current policy and supply-side interventions are maintained.
