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Nigeria’s headline inflation rate decreased to 21.88% in July 2025, down from 22.22% in June 2025, reflecting a month-on-month drop of 0.34 percentage points. Year-on-year, the headline inflation rate was 11.52 percentage points lower than the 33.40% noted in July 2024.
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In anticipation of the inflation data release for July on Friday, we foresee the continuation of the disinflationary trend, with the headline inflation rate projected to decrease to 21.52% year-on-year, down from 22.22% year-on-year in June
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The National Bureau of Statistics reported that the headline inflation rate for April 2025 declined by 0.52% to 23.71% compared to March 2025 (24.23%). On a month-on-month basis, the Headline inflation rate in April 2025 was 1.86%
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According to the National Bureau of Statistics’ Consumer Price Index report for March 2025, Headline inflation rate rose to 24.23%, marking a 1.05 percentage point increase from the 23.18% recorded in February 2025.
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