Nigeria’s food inflation drops to 22.7% in July

Food inflation surges 59% in low, middle-income countries – World Bank

Nigeria's food inflation rate stood at 22.74 per cent in July 2025 on a year-on-year basis. This was 16.79 percentage points lower compared to the rate recorded in July 2024 (39.53 per cent), and lower than the 45.4 per cent recorded in June 2025. The National Bureau of Statistics report has reveale

```

Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```