Nigeria’s Inflation Rate Eases to 21.88 Percent in July – NBS

According to the report, the food inflation rate in July 2025 was 22.74 per cent on a year-on-year basis.

Nigeria’s annual inflation rate eased to 21.88 per cent in July from 22.22 per cent in June 2025, the National Bureau of Statistics (NBS) said on Friday.

The statistics office said the July 2025 headline inflation rate showed a decrease of 0.34 per cent compared to the June 2025 headline inflation rate.

Inflation indicators compare prices of goods and services in 12 months. A decline does not…