According to the latest report from the National Bureau of Statistics of Nigeria, the inflation rate in the country continues to decrease, which brings cautious optimism among the population.
General Information on Inflation
In August 2025, Nigeria's inflation rate stood at 20.12%, down from 21.88% in July. While prices continue to rise, the rate of increase has slowed, which is seen as a positive sign for the economy.
Reasons for Declining Inflation
The decline in inflation is linked to the aggressive monetary policy of the Central Bank of Nigeria, which has maintained interest rates at 27.5%. The decrease is also influenced by changes in the methodology for calculating the consumer price index, reflecting newer consumption patterns. The reduction in food price pressures has also contributed to the decline in inflation.
Future Perspectives
Although the decrease to 20.12% represents an improvement compared to last year's inflation above 30%, it still remains among the highest in the region. Economists emphasize that sustaining this decline will require not only monetary measures but also structural reforms aimed at improving agricultural production and stabilizing supply chains.
In the face of ongoing inflation, for many families in Nigeria, the slowing price growth brings hope for improved living conditions. The August report marks an important milestone on the path to economic stability.
