Nigeria TV Info — News Report
Nigeria's Inflation Rate Drops to 21.88% in July — NBS
Nigeria's headline inflation rate dropped to 21.88 percent in July 2025, down from 22.22 percent recorded in June, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Friday.
The decline marks the fourth consecutive month of disinflation recorded this year, signaling a gradual easing in price pressures across the economy.
In its report, the NBS noted that the downward movement in the July headline inflation figure represents a 0.34 percentage point decrease when compared to the June 2025 rate.
The bureau explained that the slowdown was driven largely by moderating food prices and reduced pressure in core inflation components.
> "The July headline inflation movement showed a decrease of 0.34% compared to the June 2025 headline inflation rate," the report stated.
Despite the slight relief, analysts say inflation remains at historically high levels, and households continue to face elevated prices for food and other essential commodities.
The Federal Government has reiterated its commitment to implementing policy measures aimed at bringing inflation closer to the target range over the coming months.
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