LunagisthubNigeria’s Inflation Rate is 21.88% as of July 2025
As reported by the NBS Consumer Price Index, Nigeria’s Inflation rate has declined for the fourth straight month to 21.88% in July from 22.22% in June inflation rate.
Drop on a Year-By-Year Basis: The inflation rate for July 2025 is 33.4% lower as compared to the 33.40% inflation rate in July 2024.
Annual Growth Rate: Month on month inflation has also risen from 1.68% to 1.99% in July, while remaining lower than the yearly rate of 1.99%.
Food Inflation Commodity Prices:The food price index rose month on month by 3.12% which is lower than the 3.25% rise recorded in June. The rise is attributed to lower price increases of the key commodities such as palm oil, local rice and maize flour.
Rates Urban inflation figures reached 22.01% year on year and a 1.86% rise on the previous month.
Rural shift in inflation is registered at 21.08% year on year, but at a higher rate month on month at 2.30% .
Core inflation recorded a drop of 21.33% from the previous year’s 27.47%.Core inflation for the month also declined, reaching 2.5% and 0.97% in July from 2.46% in June. This shows slowing inflation in the non food segment.
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