{"id":73326,"date":"2025-08-15T16:20:27","date_gmt":"2025-08-15T16:20:27","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=73326"},"modified":"2025-08-15T16:20:27","modified_gmt":"2025-08-15T16:20:27","slug":"food-inflation-drops-to-22-74-in-july-nbs","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/08\/15\/food-inflation-drops-to-22-74-in-july-nbs\/","title":{"rendered":"Food Inflation Drops to 22.74% in July -NBS"},"content":{"rendered":"<p><strong>By Omoniyi David<\/strong><\/p>\n<p>Nigeria\u2019s food inflation slowed to 22.74% year-on-year in July 2025, down sharply by 16.79 percentage points from 39.53% in July 2024 and well below the 45.4% recorded in June 2025, according to the National Bureau of Statistics (NBS).<\/p>\n<p>The bureau said the decline was driven by a change in the base year and lower prices of key staples such as vegetable oil, beans, local rice, maize, flour, guinea corn, wheat flour, and millet.<\/p>\n<p>On a month-on-month basis, food inflation eased slightly to 3.12% in July from 3.25% in June.<\/p>\n<p>State breakdown: Year-on-year, the highest food inflation rates were in Borno (55.56%), Osun (29.10%), and Ebonyi (29.06%), while Katsina (6.61%), Adamawa (9.90%), and Zamfara (14.72%) recorded the slowest increases.<\/p>\n<p>Month-on-month, the steepest rises came from Borno (10.89%), Kano (10.86%), and Sokoto (7.40%), while Bauchi (-2.18%), Abia (-1.00%), and Zamfara (6.00%) saw declines.<\/p>\n<p>Headline inflation fell to 21.88% in July from 22.22% in June, down 11.52 percentage points from 33.40% in July 2024.<\/p>\n<p>The largest contributors were food and non-alcoholic beverages (8.75%), restaurants and accommodation services (2.83%), and transport (2.33%).<\/p>\n<p>Recreation (0.07%), alcoholic drinks and tobacco (0.08%), and insurance and financial services (0.10%) contributed the least.<\/p>\n<p>Core inflation; excluding volatile farm produce and energy, stood at 21.33% year-on-year and 0.97% month-on-month, down from 2.46% in June.<\/p>\n<p>Sub-index data showed increases in farm produce (3.96%), energy (2.71%), and goods (2.70%), while services slowed to 0.47%.<\/p>\n<p>Urban inflation was 22.01% year-on-year and 1.18% month-on-month, down from 2.1% in June.<\/p>\n<p>Rural inflation stood at 21.08% year-on-year and rose to 2.30% month-on-month, up from 0.63% in June.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Omoniyi David Nigeria\u2019s food inflation slowed to 22.74% year-on-year in July 2025, down sharply by 16.79 percentage points from 39.53% in July 2024 and well below the 45.4% recorded in June 2025, according to the National Bureau of Statistics (NBS). The bureau said the decline was driven by a change in the base year [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":73327,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[59],"class_list":["post-73326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-featured"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/73326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=73326"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/73326\/revisions"}],"predecessor-version":[{"id":73328,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/73326\/revisions\/73328"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/73327"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=73326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=73326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=73326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}