Nigeria's July Inflation Falls to 15.43% as Food Prices Jump to 20.31%
Updated
Updated · Vanguard · Aug 17
Nigeria's July Inflation Falls to 15.43% as Food Prices Jump to 20.31%
3 articles · Updated · Vanguard · Aug 17
Summary
15.43% headline inflation in July marked Nigeria’s second straight monthly decline, down 0.48 percentage point from 15.91% in June, the National Bureau of Statistics said.
1.57% month-on-month inflation also eased from 1.66% in June, indicating a slower overall rise in consumer prices than the previous month.
20.31% food inflation, however, climbed sharply from 17.52%, driven by higher prices for staples including rice, tomatoes, onions, Garri, beef and eggs.
51.36% year-on-year food inflation in Adamawa was the highest among states, while Borno recorded -0.31%; on a monthly basis, Adamawa led at 17.02% and Lagos reached 13.48%.
24.94% headline inflation in July 2025 shows price growth has cooled markedly over the past year, even as food costs remain a major pressure point.