Nigeria food inflation rises despite decline in headline inflation

While Nigeria’s headline inflation rate decreased to 15.43 per cent in July 2026 from 15.91 per cent in June, food inflation has risen to 20.31 per cent. This disparity is forcing many households to reduce their consumption of essential proteins, such as fish, eggs, milk, and beef, to manage rising costs.

Despite national economic growth and a moderation in overall inflation, the cost of living remains a significant burden. Food prices saw a month-on-month increase of 5.56 per cent, driven by higher costs for items like rice, water yam, and plantain. The sustained high cost of food, alongside rising rents, transport, and electricity expenses, means that the decline in headline inflation has not yet translated into relief for the average citizen.

This shift in dietary habits poses nutritional risks, particularly for children. Reports indicate that the pressure is also affecting producers, such as poultry farmers, who face high production costs alongside weakening consumer demand.