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Food prices remain high despite fourth inflation decline – CPPE

Posted by on August 17, 2025 0


The Centre for the Promotion of Personal Enterprise, CPPE, has stated meals value rises persist despite the fourth consecutive decline in headline inflation in July 2025.

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The Director of CPPE, Muda Yusuf, disclosed this in a press release on Sunday in response to Nigeria’s July inflation figures.

DAILY POST reviews that Nigeria’s headline inflation fell to 21.88 per cent in July from 22.22 per cent in June, in accordance with the Nationwide Bureau of Statistics Client Worth Index.

Commenting, CPPE famous that the fourth decline within the nation’s inflation displays a steadily stabilising macroeconomic setting, supported by change fee stability and improved investor confidence.

The financial assume tank, nonetheless, confused that despite these positive factors, “pressures persist” on the Nigerian financial system.

CPPE noticed {that a} coordinated mixture of financial, fiscal, and structural interventions can be required to consolidate current progress and steer the financial system in the direction of sustained stability.

It added that the Central Financial institution of Nigeria’s Financial Coverage Committee ought to deploy extra inventive measures to handle liquidity within the financial system past standard tightening instruments similar to rates of interest (27.50 per cent) and money reserve ratios.

“The July 2025 inflation report offers a foundation for cautious optimism. Whereas progress has been made in moderating headline and core inflation, the persistence of meals and month-on-month value will increase highlights unresolved structural weaknesses. A coordinated mixture of financial, fiscal, and structural interventions can be required to consolidate current positive factors and steer the financial system in the direction of sustained stability,” the assertion learn.



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