The Digest:
In July 2025, Nigeria's inflation rate decreased to 21.88%, down from 22.22% in June. This marks the fourth consecutive disinflation recorded in the year. According to the National Bureau of Statistics (NBS), the drop reflects an ongoing trend towards lower inflation.
Key Points:
- Nigeria's inflation rate decreased to 21.88% in July 2025.
- The drop represents a reduction from 22.22% in June 2025.
- This marks the fourth consecutive month of disinflation in 2025.
- NBS released the consumer price index (CPI) report confirming this.
- The report highlights improved economic stability.
- Decreasing inflation rates indicate gradual recovery in the economy.
- This reduction in inflation is being closely monitored by policymakers.
This reduction in inflation is a sign of economic improvement, with hopes for continued stability. However, the country’s challenges remain complex, requiring sustained efforts for broader economic growth.
Sources: National Bureau of Statistics
