The Centre for the Promotion of Private Enterprise, CPPE, has said food price rises persist despite the fourth consecutive decline in headline inflation in July 2025.
The Director of CPPE, Muda Yusuf, disclosed this in a statement on Sunday in reaction to Nigeria’s July inflation figures.
Reports shows that Nigeria’s headline inflation fell to 21.88 per cent in July from 22.22 per cent in June, according to the National Bureau of Statistics Consumer Price Index.
Commenting, CPPE noted that the fourth decline in the country’s inflation reflects a gradually stabilising macroeconomic environment, supported by exchange rate stability and improved investor confidence.The economic think tank, however, stressed that despite these gains, “pressures persist” on the Nigerian economy.