Nigeria’s headline inflation slowed for the fifth consecutive month in August 2025, offering some reduction for customers already weighed down by excessive residing prices.
In response to the most recent knowledge from the Nationwide Bureau of Statistics (NBS), headline inflation dropped to twenty.12%, down from 21.88% in July 2025. This marks a 1.76 proportion level decline month-on-month and a major drop from 32.15% recorded in August 2024.
The Client Value Index (CPI), which measures the common change in costs of products and providers, inched as much as 126.8 in August 2025 from 125.9 in July. On a month-on-month foundation, inflation stood at 0.74%, notably decrease than 1.99% in July, indicating slower worth will increase in comparison with the earlier month
Meals costs, the largest driver of inflation in Nigeria, additionally moderated in August. Meals inflation dropped to 21.87% year-on-year, down from 37.52% in August 2024. On a month-on-month foundation, meals inflation slowed sharply to 1.65%, from 3.12% in July 2025.
The decline was attributed to falling costs in staples similar to rice (native and imported), guinea corn flour, maize flour, millet, semolina, and soya milk. The twelve-month common meals inflation fee was 25.75%, down from 36.99% recorded in August 2024.
Regardless of the moderation, meals costs stay elevated, particularly in northern states the place insecurity and poor logistics proceed to disrupt provide.
The most recent report reveals the ten states with the steepest annual will increase in the price of items and providers, with a mixture of meals and non-food pressures shaping every state’s expertise.
Under is a breakdown of the ten highest-inflation states in August 2025, based on the NBS report:
Bayelsa ranked tenth with an all-items inflation fee of 23.8% in August 2025. The state’s all-items index rose from 104.9 in August 2024 to 129.9 in August 2025. On a month-to-month foundation, the all-items index rose 4.3%, displaying that inflationary pressures are nonetheless sturdy. Nevertheless, meals inflation in Bayelsa diverged, with the meals index falling from 131.6 in July to 119.1 in August, representing a month-to-month decline of -9.5%. On an annual foundation, meals inflation stood at 13.4%, effectively under the all-items fee, indicating that meals was not the primary driver of inflation. As an alternative, the stress got here from non-food classes similar to housing, transport, and providers.
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