Nigeria’s inflation rate eased in July 2025, with headline inflation settling at 21.88 per cent, down from 22.22 per cent in June, according to the latest Consumer Price Index (CPI) report from the National Bureau of Statistics (NBS), Dockaysworld reports.
The bureau noted that the figures are based on its rebased CPI series, which uses November 2009 as the new base year. The rebasing exercise, completed earlier this year, was aimed at providing a more accurate reflection of current market realities by updating the basket of goods and services used in calculating inflation.
On a year-on-year basis, headline inflation slowed by 11.52 percentage points compared to July 2024, when the rate stood at 33.40 per cent under the old statistical base.
Despite the drop in the annual rate, month-on-month inflation rose to 1.99 per cent in July, up from 1.68 per cent in June.
The average inflation rate for the 12 months ending July 2025 was 25.65 per cent, down from 30.76 per cent in the corresponding period of 2024.
Food inflation eased to 22.74 per cent year-on-year, well below the 39.53 per cent recorded in July 2024. Core inflation, which excludes volatile food and energy costs, also fell to 21.33 per cent from 27.47 per cent a year earlier.
