From Isaac Anumihe, Abuja
The National Bureau of Statistics (NBS) has declared that the headline inflation in July 2025 dropped again to 21.88 per cent from June’s 22.22 per cent
This is as the food inflation rate also declined to 22.74 per cent on a year-on-year basis.
This was 16.79 per cent lower compared to the rate recorded in July 2024 (39.53 per cent).
The bureau said that the significant decline in the annual food inflation figure is technically due to the change in the base year.
On a month-on-month basis, the food inflation rate in July 2025 was 3.12 per cent, down by 0.14 per cent compared to June 2025 (3.25 per cent). The decrease, according to NBS, 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, millet whole grain, etc.
Looking at the movement, the July 2025 headline inflation rate showed a decrease of 0.34 per cent compared to the June 2025 headline inflation rate.
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 (i.e., July 2024), though with a different base year, November 2009 = 100.
“However, on a month-on-month basis, the headline inflation rate in July 2025 was 1.99 per cent, which was 0.31 per cent higher than the rate recorded in June 2025 (1.68 per cent). This means that in July 2025, the rate of increase in the average price level was higher than the rate of increase in the average price level in June 2025,” the bureau noted.
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