…As Food Inflation Hits 55.56% In Borno Y-o-Y
Nigeria’s inflation rate continued its downward trend in July 2025 as the Headline inflation dropped to 21.88% year-on-year, down from 22.22% in June.
The latest Consumer Price Index (CPI) July 2025 report by the National Bureau of Statistics (NBS) published on Friday indicated that year-on-year, food inflation inched upward while core inflation declined.
The statistics agency clarified that on a month-to-month basis, the inflation rate in July 2025 was 1.99%, which was 0.31% higher than the 1.68% rate recorded in the preceding month.
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It clarified: “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 reported that at the divisional level, the three major contributors to the headline inflation were Food and non-alcoholic Beverages: 8.75%, Restaurants & Accommodation Services: 2.83%, and Transport: 2.33%; while the least contributors were Recreation, Sport, and Culture: 0.07%, Alcoholic Beverages, Tobacco, and Narcotics: 0.08%, and Insurance and Financial Services: 0.10.
According to the CPI report, Food inflation, which has been the major driver of the overall inflation, increased to 22.74% in July 2025 from 21.97% in June 2025, adding that on a month-on-month basis, July 2025 inflation food inflation dipped to 3.12%, down by 0.13% compared to 3.25% in .June this year.
The Bureau disclosed that Core inflation, which excludes volatile agricultural produce and energy prices, stood at 21.33% year-on-year in July, from 22.76% recorded in the preceding month, adding that on a month-on-month basis, the Core Inflation rate was 0.97% in July 2025, down by 1.49% compared to 2.46% in June this year.
It added that the inflation rate of the newly introduced sub-indices for July 2025 showed that Farm Produce (3.96%), Energy (2.71%) and Goods (2.72%) significantly increased, and their index were 128.5, 121.2 and 124.6 basis points; respectively, adding that conversely, Services recorded decline during the month to 0.47%.
The statistics agency further clarified that on a year-on-year basis, the urban inflation rate in the month under review stood 22.01% and that on a month-on-month basis, the urban inflation rate was 1.86%, down by 0.25% compared to 2.11% recorded in the preceding month.
It reported that in July this year, the rural inflation rate in July 2025 was 21.08% on a year-on-year basis but rose to 2.30% month-on-month, increasing by 1.67% compared to 0.63% rate in June 2025.
On the All Items Inflation trend, the NBS clarified: “The all-item index for July 2025, All Items inflation rate on a Year-on-Year basis was highest in Borno (34.52%), Niger (27.18%), and Benue (25.73%), while Yobe (11.43%), Zamfara (12.75%), and Katsina (15.64%) recorded the lowest rise in Headline inflation on a Year-on-Year basis.
“On a Month-on-Month basis, however, July 2025 recorded the highest increases is in Borno (6.11%), Zamfara (5.72%), Kano (4.31%), while Bauchi (0.26%), Katsina (0.30%), and Anambra (0.37%) recorded the lowest rise in Month-on-Month inflation”, it added.
This is even as the CPI report showed that when analysed on state-level basis the Food inflation on a year-on-year basis in July this year was highest in Borno (55.56%), Osun (29.10%), Ebonyi (29.06%), while Katsina (6.61%), Adamawa (9.90%), and Zamfara (14.72%) recorded the slowest rise in Food inflation on a Year-on-Year basis.
It, however, clarified that on a month-on-month basis, Food inflation was highest in Borno (10.89%), Kano (10.86%), and Sokoto (7.43%), while it declined in Zamfara (-6.00%), Bauchi (-2.18%) and Abia (-1.06%).
