Nigeria’s inflation rate has continued its downward trend, with the National Bureau of Statistics (NBS) reporting a decline to 21.88 per cent in July 2025, from 22.22 per cent in June.
The figures, released on Friday in the NBS Consumer Price Index (CPI) report, mark the fourth time this year that the country has recorded a slowdown in inflation.
According to the bureau, the July data reflect a sustained moderation in price increases across various sectors, hinting at gradual improvements in economic stability.
This disinflation is an encouraging sign for the economy, as it suggests that some of the measures to curb rising prices are beginning to take effect.
The decline, while marginal, could help ease the pressure on household budgets and restore some level of consumer confidence.
However, a sustained policy action will be necessary to maintain the trend. This moderation in inflation aligns with broader economic adjustments observed in 2025, particularly in the agricultural and energy markets.
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