Market News

Nigeria’s food inflation eased to 21.87 percent in August 2025, representing a 15.65 percent lower compared to 37.52 percent recorded in August 2024 and 22.74 percent recorded in July 2025. The National Bureau of Statistics report has revealed.

According to the Bureau, the decline in the annual food inflation figure is technically due to the change in the base year.

The headline inflation rate also eased to 20.12 percent relative to the July 2025 headline inflation rate of 21.88 percent.

Food inflation on a Year-on-Year basis was highest in Borno (36.67 percent), Kano (30.44 percent), Akwa Ibom (29.85 percent), while Zamfara (3.30 percent), Yobe (3.60 percent), and Sokoto (6.34 percent) recorded the slowest rise.

However, on a Month-on-Month basis, August 2025 Food inflation was highest in Kaduna (9.37 percent), Katsina (9.05 percent), Akwa Ibom (7.87 percent), while Bayelsa (-9.52 percent), Sokoto (-8.92 percent), and Borno (-8.74 percent) recorded decline in the period.

The report showed that the core inflation, which excludes the prices of vola tile agricultural produces and energy stood at 20.33 percent in August 2025 on a year-on-year basis. This a de cline of 7.25 percent when compared to the 27.58 percent recorded in August 2024.

“On a month-on-month basis, the Core Inflation rate was 1.43 percent in August 2025, up by 0.46 percent compared to July 2025 (0.97 percent). The average twelve-month annual inflation rate was 23.04 percent for the twelve months ending August 2025, this was 2.14 percent points lower than the 25.18 percent recorded in August 2024.

“August 2025, All Items inflation rate on a Year-on-Year basis was highest in Ekiti (28.17 percent), Ka no (27.27 percent), and Oyo (26.58 percent), while Zamfara (11.82 percent), Anambra (14.16 percent) and Enugu (14.20 percent) recorded the lowest rise in Headline inflation on a Year-on-Year basis.

“On a Month-on Month basis, however, August 2025 recorded the highest increases in Yobe (9.20 percent), Katsina (8.59 percent) and Sokoto (6.57 percent), while Enugu (-5.32 percent), Taraba (-3.64 percent), and Nasarawa (-3.56 percent) recorded decline in Month-on-Month inflation,” the report stated.