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 revealed.
The decline in the annual food inflation, according to the report, is due to the change in the base year, and on a month-on-month basis, the food inflation rate in July 2025 was 3.12percent, down by 0.14 per cent compared to June 2025 (3.25 per cent).
The decrease can be attributed to the rate of decrease in the average prices of Vegetable Oil, Bean (White), Rice Local, Maize, flour, Guinea Corn (Sorghum), Wheat Flour, and Millet Whole grain.
State-level analyses of the food index in July 2025, Food inflation on a Year-on-Year basis was highest in Borno (55.56 percent), Osun (29.10 percent), Ebonyi (29.06 percent), while Katsina (6.61 percent), Adamawa (9.90 percent), and Zamfara (14.72 percent) recorded the slowest rise in Food inflation on a Year-on-Year basis.
On a Month-on-Month basis, however, July 2025 Food inflation was highest in Borno (10.89 percent), Kano (10.86 percent), and Sokoto (7.4 per cent), while Zamfara (6.00 per cent). Bauchi (-2.18 percent) and Abia (-1per cent) recorded per decline in Food on a month-to-month basis.
The headline inflation rate for the month eased to 21.88 per cent, relative to the June 2025 headline inflation rate of 22.22 per cent.
On a year-on-year basis, the Headline inflation rate was 11.52 per cent lower than the rate recorded in July 2024 (33.40 per cent). This shows that the Headline inflation rate (year-on-year basis) decreased in July 2025 compared to the same month in the preceding year ( July 2024).
At the divisional level, the three major contributors to the headline inflation were food and non-alcoholic beverages: 8.75 percent, Restaurants & Accommodation Services: 2.83 percent, and Transport: 2.33 percent; while the least contributors were Recreation, Sport, and Culture: 0.07 percent, Alcoholic Beverages, Tobacco, and Narcotics: 0.08 percent, and Insurance and Financial Services: 0.10.
Also, core inflation, which excludes the prices of volatile agricultural produce and energy, stood at 21.33 per cent in July 2025 on a year-on-year basis. On a month-on-month basis, the core inflation rate was 0.97 per cent in July 2025, down by 1.49 percentage points from 2.46 recorded in June 2025.
With the newly introduced indices, the inflation rate of the sub-indices for July 2025 shows that Farm Produce (3.96 percent), Energy (2.71 percent) and Goods (2.7 per cent) increased significantly, and their pepercentage28.5, 121.2 and 124.6 basis points, respectively. Conversely, Services recorded a decline during the month to 0.47 per cent.
“On a year-on-year basis, the urban inflation rate in July 2025 was 22.01 per cent. On a month-on-month basis, the urban inflation rate was 1.1.8 per cent in July 202a, a fall of 0.25 per cent compared to June 2025 (2.1a fallrofnt).
Per percentage inflation rate in July 2025 was 21.08 per cent on a year-on-year basis. On a month-on-month basis, the rural inflation rate in July 2025 was 2.30 per ccentana increase of 1.67 per cent increase compared to June 2025 (0.63 per cent),” it stated.
