Nigeria’s Inflation Eases for Fifth Month with Ekiti Among States Facing Highest Price Rises

Nigeria’s headline inflation slowed to 20.12% in August 2025, marking the fifth straight month of decline, the National Bureau of Statistics (NBS) reported. This represents a drop from 21.88% in July and a significant fall from 32.15% recorded just a year earlier.

Despite the easing, inflation remains unevenly spread across states, with Ekiti experiencing one of the highest rates at 28.17%, alongside Kano and Oyo states. Meanwhile, Zamfara, Anambra and Enugu recorded the lowest inflation figures, showing a softer cost of living in these regions.

Food inflation, the main driver of rising prices, also slowed but stayed comparatively high, notably in Borno, Kano and Akwa Ibom.

The NBS attributed lingering price pressures partly to insecurity and logistical challenges, particularly in the northern states.

As Nigeria’s Central Bank prepares for its September monetary policy meeting, analysts say the continued inflation drop gives some room for adjustment, though persistent core price hikes could temper moves.