Nigeria, Aug. 18 -- Nigeria's food inflation rate jumped to 20.31% in July 2026, reaching its highest level in 10 months despite a slowdown in overall inflation.

According to the latest Consumer Price Index report by the National Bureau of Statistics, food inflation jumped to 17.52 per cent in July from 17.52 per cent in June

The figure suggests that the rate at which Nigerians are spending on foodstuffs has remained high

though the headline inflation rate declined slightly to 15.43 per cent from 15.91 per cent in the same period last year

The News Chronicle reports that food inflation has been on an upward trend since January, rising from 8.89% at the start of the year to 20.31% in July.

it was 10.84 per cent in December 2025 and 1...