Inflation Is Easing—But Can Nigerians Feel It?

Nigeria’s inflation rate dipped to 21.88% in July 2025, down from 22.22% in June. On paper, it’s a win. But in the markets, on the streets, and in the kitchens of everyday Nigerians, the question remains: Does this drop actually mean relief?

The Numbers Say “Progress”

According to the National Bureau of Statistics (NBS), this is the fourth consecutive month of declining inflation. A few key takeaways:

• Headline inflation: 21.88% (July) vs. 22.22% (June)
• Food inflation: 22.74%, still climbing from 21.97% in June
• Month-on-month inflation: 1.99%, up from 1.68%
• CPI: Rose to 125.9 from 123.4

Analysts credit the harvest season, base year recalibration, and slower price increases in staples like rice, maize flour, and vegetable oil. But while the numbers look better, the reality is more complicated.

What’s Happening in the Markets?

Ask any trader in Mile 1 Market, Port Harcourt, or a shopper in Wuse, Abuja, and you’ll hear the same thing: prices are still high. Garri, yam, and cooking oil haven’t dropped meaningfully. Transport costs remain elevated. And with fuel prices still volatile, many Nigerians feel like they’re running in place.

“They say inflation is down, but I still spend more every week,” says Chika, a mother of three in Enugu. “I don’t see the difference.”

Why the Disconnect?

• Harvest season helps, but supply chains are still fragile.
• Fuel subsidy removal and FX reforms have pushed up costs.
• Wages remain stagnant, and purchasing power is weak.

Is This a Turning Point?

Experts say the moderation is a good sign—but it’s not yet a trend. For real relief, Nigeria needs:

• Stable fuel prices
• Improved local production
• Stronger social safety nets
• Job creation and wage growth

What Do You Think?

Have you noticed any price drops in your area? Are things getting better—or just statistically smoother?

👉 Drop a comment below and share your experience. Let’s talk about what inflation really feels like—not just what the numbers say.