Centre for the Promotion of Private Enterprise (CPPE) has stated that food prices continue to rise despite Nigeria experiencing a fourth consecutive decline in headline inflation, which fell to 21.88% in July 2025.
While the overall inflation decrease reflects a stabilizing macroeconomic environment, pressures remain on the economy.
CPPE emphasized the need for coordinated monetary, fiscal, and structural measures, including more innovative liquidity management by the Central Bank of Nigeria, to sustain progress and address underlying structural weaknesses, especially in food pricing.
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