The National Bureau of Statistics (NBS) has released its latest data showing that Nigeria’s headline inflation rate eased to 21.88% in July 2025, relative to the June 2025 rate of 22.22%.
Nigeria’s Headline Inflation Rate Drops To 23.18 Per Cent
Naija News reports that the July 2025 inflation rate decreased by 0.34% compared to the June 2025 headline inflation rate.
The food inflation rate in July 2025 was 22.74% on a year-on-year basis. This was 16.79% points lower compared to the rate recorded in July 2024 (39.53%).
NBS disclosed that the decline in the annual food inflation figure is technically due to the change in the base year.
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The data showed that on a month-on-month basis, the food inflation rate in July 2025 was 3.12%, down by 0.14% compared to June 2025 (3.25%).
NBS attributed the decrease to the average lower prices of vegetable oil, bean (white), rice, maize, flour, guinea corn, wheat, and others.
In July 2025, the headline rate on a year-on-year basis was 11.52% lower than the rate recorded in July 2024 (33.40%).
“This shows that the headline inflation rate (year-on-year basis) decreased in July 2025 compared to the same month in the preceding year (i.e., July 2024), though with a different base year, November 2009 = 100,” the NBS stated.
On a month-on-month basis, the inflation rate in July 2025 was 1.99%, which was 0.31% higher than the rate recorded in June 2025 (1.68%).
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