Nigeria’s inflation rate drops for fifth consecutive months to 20.12%
[NigerianEye - Nigeria] - 15/09/2025
The National Bureau of Statistics (NBS) says Nigeria’s inflation rate declined to 20.12 percent in August — down from 21.88 percent in July. The NBS announced the reduction in its consumer price index (CPI) report released on Monday. According to the bureau, the August 2025 headline inflation rate showed a decrease of 1.76 percent compared to the July 2025 headline inflation rate. “On a year-on-year basis, the Headline inflation rate was 12.03% lower than the rate recorded in August 2024 (32.15%),” NBS said. “This shows that the Headline inflation rate (year-on-year basis) decreased in (…)
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