Nigeria, Aug. 15 -- Nigeria's annual inflation rate eased to 21.88 per cent in July from 22.22 per cent in June 2025, the National Bureau of Statistics (NBS) said on Friday.

The statistics office said the July 2025 headline inflation rate showed a decrease of 0.34 per cent compared to the June 2025 headline inflation rate.

Inflation indicators compare prices of goods and services in 12 months. A decline does not necessarily imply a reduction in prices; instead, it shows the rate of price increase had fallen compared to previous months.

On a year-on-year basis, the bureau said the headline inflation rate was 11.52 per cent lower than the rate recorded in July 2024 (33.40 per cent).

This, it said, shows that the headline inflation rate ...