Nigeria’s food inflation slowed to 22.74% year-on-year in July 2025, marking a significant drop of 16.79 percentage points from the 39.53% recorded in July 2024 and well below June 2025’s 45.4%, according to data from the National Bureau of Statistics (NBS).
The decline was attributed to a change in the base year for inflation calculations, alongside price reductions in key staples such as vegetable oil, white beans, local rice, maize, flour, guinea corn (sorghum), wheat flour, and millet. On a month-on-month basis, food inflation eased slightly to 3.12% in July from 3.25% in June.
Read Also: AfDB Pledges $40 Million to Boost Green Infrastructure in Africa
State-level data showed Borno (55.56%), Osun (29.10%), and Ebonyi (29.06%) posting the highest annual food inflation rates, while Katsina (6.61%), Adamawa (9.90%), and Zamfara (14.72%) recorded the slowest increases. Month-to-month, Borno (10.89%), Kano (10.86%), and Sokoto (7.4%) saw the steepest rises, while Bauchi (-2.18%), Abia (-1%), and Zamfara (6%) recorded declines.
Overall headline inflation eased to 21.88% in July from 22.22% in June—11.52 percentage points lower than July 2024’s 33.40%.
Don’t Miss This: Niger Junta Seizes Control of Gold Mine from Australian Operators
NBS data showed food and non-alcoholic beverages (8.75%), restaurants and accommodation services (2.83%), and transport (2.33%) as the top drivers of headline inflation.
Core inflation, which excludes volatile agricultural and energy prices, stood at 21.33% year-on-year, with a month-on-month rate of 0.97%—down sharply from 2.46% in June.
Image Credit: BusinessDay
