₦airaland Forum

By Safiyat Muhammed | Abuja | Nigeria

The latest 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.

Year-on-year food inflation: 22.74% (down from 39.53% in July 2024)

Month-on-month food inflation: 3.12% (slightly down from 3.25% in June 2025)

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:

Borno: 55.56%

Osun: 29.10%

Ebonyi: 29.06%

States with the lowest:

Katsina: 6.61%

Adamawa: 9.90%

Zamfara: 14.72%

Month-on-month food inflation highest in:

Borno (10.89%)

Kano (10.86%)

Sokoto (7.43%)

Lowest in:

Bauchi (0.26%)

Katsina (0.30%)

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.

https://thebureau.com.ng/nigeria-news-today-july-2025-inflation-report-the-bureau-news/

Chai! Even 500k salary can no longer sustain a family of 4 for 30 days.

Where are the people getting money from?

Wait, before scrutinizing, we read some days ago that our purchasing power is decreasing, but this consumer reports is saying otherwise.

If you don't have the basic knowledge about this discussion , don't waste your time quoting

Please don't make racist and tribalistic comments on this section

APC have tried to manipulate the figures but the figures are resistant to changes.

helinues:
Where are the people getting money from?

Wait, before scrutinizing, we read some days ago that our purchasing power is decreasing, but this consumer reports is saying otherwise.

If you don't have the basic knowledge about this discussion , don't waste your time quoting

now go ahead and like your comment with your 25 other monikers 😉

I wish the prices of goods should continue to come down slowly to ease the suffering of masses....

helinues:
Where are the people getting money from?

Wait, before scrutinizing, we read some days ago that our purchasing power is decreasing, but this consumer reports is saying otherwise.

If you don't have the basic knowledge about this discussion , don't waste your time quoting

It means they may no longer be saving because money for household is for savings, consumption and investment.
If there's inflation, I have to pay spend more on consumption with little to less on savings and investment. This will drive CPI.
I read an interview of a woman in a household of 3 earning 400k and saving only 5% of her income meaning her consumption is high with little savings and nothing for investment.

E get height plane go flyreach for sky e go dey respect itself

we shall survive Tpain

Summary: Prices are still rising

APC Tinubu have been trying to use propaganda to cover this truth but they will fail with their propaganda.

Editorialtimes:
By Safiyat Muhammed | Abuja | Nigeria

https://thebureau.com.ng/nigeria-news-today-july-2025-inflation-report-the-bureau-news/

What should we believe about this inflation rate confusion

https://www.nairaland.com/8498937/nigerias-headline-inflation-rate-drops

jmoore:
Summary: Prices are still rising

APC Tinubu have been trying to use propaganda to cover this truth but they will fail with their propaganda.

Who feels it knows that ebilokan and APC hyperinflation is real and hurting us badly.

How can Akpabio be so w1cked to mock us after stealing money that should make life easier for us

Omicronvaccine:
Wherever You See Free Food, Eat It - Nigerian Senate President, Senator Akpabio Advises Nigerians


https://www.youtube.com/watch?v=fIdtxSZDQoY

Na statistics we go chopp?
~Bola Ahmed Tinubu 2023.

I just came back from market, I thought I was robbed but nooooo!

RealGandalf:
Chai! Even 500k salary can no longer sustain a family of 4 for 30 days.

Thank God you know...

So as a sensible person, u wen never born pikin... No plan to born 4 if u want to live well

We are not saying it is Uhuru yet. We are only saying we are making consistent progress.
Enemies of progress should not say that "Our cup is half empty." They should rather "Our cup is half full."
No Be Juju Be Dat?

helinues:
Where are the people getting money from?

Wait, before scrutinizing, we read some days ago that our purchasing power is decreasing, but this consumer reports is saying otherwise.

If you don't have the basic knowledge about this discussion , don't waste your time quoting

So that is what you understood from this article?
Purchasing power is not increasing, people are now spending their savings on essential commodities.