ABUJA, Aug. 18 (AGCNewsNet) - Nigeria's headline inflation rate eased to 21.88% in July 2025, down from 22.22% in June, marking the fourth consecutive month of disinflation, according to the National Bureau of Statistics.

The West African country's consumer price index showed a decline of 0.34 percentage points month-on-month, according to the NBS report released on Friday.

"Nigeria's headline inflation rate eased to 21.88% in July 2025, down from 22.22% in June," according to the National Bureau of Statistics.

Food inflation stood at 22.74% on a year-on-year basis in July 2025, according to the statistics bureau. The food inflation rate was significantly lower compared to July 2024, when it reached 39.53%.

Core inflation, which excludes volatile agricultural produce and energy prices, was 21.33% year-on-year in July, while the month-on-month rate fell sharply to 0.97% from 2.46% in June, according to the NBS data.

The statistics bureau also reported notable monthly increases in specific categories, showing farm produce rising 3.96% and energy costs increasing, according to new sub-indices introduced by the agency.

The country's inflation has recorded four consecutive months of decline, according to the bureau's monthly consumer price index report.

Nigeria, Africa's most populous nation and largest economy, has been grappling with high inflation rates amid economic challenges including currency devaluation and rising energy costs.

The inflation data comes as the government continues efforts to stabilize the economy following policy reforms initiated by President Bola Tinubu's administration, including the removal of fuel subsidies and foreign exchange market liberalization.

On a year-on-year basis, the July figure was 11.52 percentage points lower than the previous year, according to the National Bureau of Statistics.

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