By Safiyat Muhammed | Nigeria News Today
The latest Nigeria News Today update from The Bureau News shows that the Consumer Price Index (CPI) — which tracks the average change in prices paid by consumers for goods and services — rose to 125.9 in July 2025, according to new data released by the National Bureau of Statistics (NBS).
This represents a 2.5-point increase from the 123.4 recorded in June 2025.
However, despite the rise in the CPI, Nigeria’s year-on-year headline inflation rate actually eased slightly to 21.88% in July, down from 22.22% in June.
In simple terms, this means that although prices are still rising, they are rising more slowly than they were the previous month.
On a month-on-month basis (which compares prices between June and July), inflation stood at 1.99%, up from 1.68% in June — indicating a moderate rise in the general price level.
Urban vs Rural Inflation
According to the NBS, urban inflation in July 2025 came in at 22.01% (year-on-year), down sharply from 35.77% in July 2024.
Rural inflation stood at 21.08%, also lower than 31.26% in July 2024.
In month-on-month terms, urban inflation actually declined to 1.86% (from 2.11% in June), while rural inflation rose to 2.30%, compared to 0.63% in June.
The twelve-month average inflation rate for urban areas was 27.04%, while rural areas recorded 23.84% in July 2025.
Food Inflation Slows Down
One of the most encouraging signs in the report is the slowdown in food inflation — a key concern for many Nigerians.
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Year-on-year food inflation: 22.74% (down from 39.53% in July 2024)
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Month-on-month food inflation: 3.12% (slightly down from 3.25% in June 2025)
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12-month average: 26.97%, lower than the previous 36.36%
According to the NBS, this slowdown is mainly because prices of key food items — including vegetable oil, beans, local rice, maize, flour, sorghum, wheat flour and millet — recorded lower increases than in previous months.
Core Inflation and State-by-State Breakdown
The core inflation rate (which excludes volatile items like food and energy) dropped to 21.33% year-on-year in July, compared to 27.47% in July 2024.
On a month-on-month basis, it also declined to 0.97% from 2.46% in June.
States with the highest year-on-year food inflation:
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Borno: 55.56%
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Osun: 29.10%
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Ebonyi: 29.06%
States with the lowest:
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Katsina: 6.61%
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Adamawa: 9.90%
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Zamfara: 14.72%
Month-on-month food inflation highest in:
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Borno (10.89%)
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Kano (10.86%)
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Sokoto (7.43%)
Lowest in:
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Bauchi (0.26%)
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Katsina (0.30%)
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Anambra (0.37%)
For overall (all-items) inflation, Borno (34.52%), Niger (27.18%), and Benue (25.73%) recorded the highest year-on-year figures, while Yobe (11.43%), Zamfara (12.75%) and Katsina (15.64%) recorded the lowest.
The NBS emphasised that the inflation figures were collected across all 36 states and the FCT, and reflect Nigeria’s continued efforts to stabilise the economy in the face of global and domestic challenges.
For more economic updates and policy analysis, visit The Bureau News Economy section at:
https://thebureaunews.com/category/business
Additional technical details and datasets are available via the official National Bureau of Statistics website: https://www.nigerianstat.gov.ng/
