Nigeria’s inflation rate has continued its downward trend for the second consecutive month, dropping to 23.18% in February 2025 from 24.48% in January, according to the latest report from the National Bureau of Statistics (NBS).
Despite this decline, concerns persist among economists and citizens, as the cost of essential goods remains high across the country.
While the overall inflation rate is easing, certain states—Edo, Enugu, and Sokoto—are still experiencing inflation rates above 30%.
Edo leads with the highest rate at 33.59%, followed by Enugu at 30.72% and Sokoto at 30.19%, signalling continued price pressures in these regions.
The persistent inflation in these states has been linked to rising food prices, increased transportation costs, and ongoing supply chain disruptions. Month-on-month data indicates that Sokoto saw the steepest increase at 11.98%, followed by Kogi at 11.38% and Edo at 8.87%, suggesting that while national inflation is slowing, some areas are still facing rapid price surges.
The current figures reflect an 8.52 percentage point year-on-year decline compared to February 2024, when inflation stood at 31.70%.
Food remains a key driver of inflation, contributing 9.28% to the overall rate, though prices of certain staples like yam, potatoes, maize flour, and cassava have started to decline, offering slight relief to consumers.
