By Obianuju Uzukwu
Nigeria’s headline inflation rate slowed slightly to 21.88% in July 2025, marking a modest retreat from the previous month’s figure of 22.22%.
This is according to the latest data released by the National Bureau of Statistics (NBS). The data shows that, on a year-on-year basis, the headline inflation rate was 11.52% lower than the rate recorded in July 2024 which was at 33.40%.
On a month-on-month basis, the headline inflation rate in July 2025 was 1.99%, which was 0.31% higher than the rate recorded in June 2025 which was at 1.68%.
According to the NBS, this means that in July 2025, the rate of increase in the average price level was higher than the rate of increase in the average price level in June 2025
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