Nigeria’s headline inflation eased to 15.43 percent in July, down from 15.91 percent in June, according to the National Bureau of Statistics. But food inflation kept climbing, rising to 20.31 percent year-on-year, its sixth straight monthly increase, though still well below last July’s 26.20 percent.
On a month-on-month basis, food prices rose 5.56 percent in July, up from 3.75 percent in June, driven by higher prices for crayfish, pepper, onions, rice, tomatoes, garri, plantain, beef and eggs.
Adamawa recorded the country’s highest food inflation at 51.36 percent year-on-year, while Borno posted the only decline, at negative 0.31 percent.
The NBS says the figures show food price pressures remain uneven across the country despite the broader easing trend.
Also read: El-Rufai files fresh ₦10bn suit against ICPC over alleged family access denial


Leave feedback about this
You must be logged in to post a comment.