Nigeria’s Inflation Dips to 21.8% — But Prices Still Climbing Month-to-Month
By: Oluwaseun Lawal
Good news? Nigeria’s headline inflation rate dropped to 21.88% in July 2025, down from 22.22% in June. That’s the fourth straight month of disinflation this year, according to the National Bureau of Statistics (NBS).
The NBS report, out Friday, says this July figure is 0.34% lower than June’s. And compared to last July? Inflation’s down a whopping 11.52% from 33.40%. So, year-on-year, things are easing up.
But hold on — it’s not all smooth sailing. On a month-to-month basis, prices actually grew faster in July than June. The monthly inflation rate hit 1.99% in July, up 0.31% from June’s 1.68%. So, prices are still creeping up, just at a slower pace overall.
What’s pushing prices up? Food and non-alcoholic drinks, restaurants and accommodation, plus transport costs were the biggest culprits last month.
So yeah, inflation’s easing, but everyday costs? Still on the rise.
Oluwaseun Musa Lawal is an Editor at REPORTERS ROOM with over eight years of professional journalism experience. He specializes in reporting on politics, climate change, health, and education, while also covering security, economic, and judicial affairs. His work is driven by a commitment to accuracy, balanced reporting, and public-interest journalism.
