The Centre for the Promotion of Private Enterprise (CPPE) has said that Nigeria’s July 2025 inflation report reflects gradual economic stability.
Gatekeepers News reports that according to the National Bureau of Statistics (NBS), headline inflation eased to 21.88 percent in July from 22.22 percent in June.
The figures indicate improvements in some indicators, particularly food and core inflation, supported by factors such as exchange rate stability, investor confidence, and import duty waivers on key food staples. The base effect from high inflation levels in previous years also contributed to the decline.
However, despite these gains, fresh pressures emerged. Month-on-month headline inflation climbed from 1.68 percent in June to 1.99 percent in July.
Year-on-year food inflation on the other hand, rose to 22.74 percent from 21.97 percent. These movements highlight the economy’s continued exposure to supply-side shocks.
The CPPE stressed the need for sustained reforms in areas such as foreign exchange management, logistics costs, insecurity, and fiscal discipline.
It also called for innovative monetary measures to ease liquidity pressures, as lending rates remain high for most businesses.
