Food inflation rate rises 5th consecutive month to 20.31%

By Elizabeth Adegbesan Nigeria’s food inflation rate rose significantly by 2.79 percentage points to 20.31 percent in July from 17.52 percent in June, representing the fifth consecutive month’s rise since March 2026. The 20 percent threshold in food inflation rate w...

The Briefing Africa

August 18, 2026 · 05:58 · 5 min read

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Food inflation rate rises 5th consecutive month to 20.31%

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Food inflation rate rises 5th consecutive month to 20.31%