The Digest:
The Centre for the Promotion of Private Enterprise (CPPE) has warned that food prices persist at a high level, casting a Statistics's Shadow over the fourth consecutive decline in Nigeria’s headline inflation. The CPPE's Director, Muda Yusuf, stated that unresolved structural issues continue to pressure the economy.
Key Points:
- CPPE noted that food prices remain high in Nigeria.
- This is despite headline inflation falling for a fourth consecutive month.
- Headline inflation dropped to 21.88% in July 2025.
- The decline reflects a gradually stabilising macroeconomic environment.
- CPPE stated that economic pressures persist.
- It called for more creative and coordinated government interventions.
- The group said the report provided a basis for "cautious optimism."
The CPPE's report highlights the gap between macroeconomic data and citizens' daily struggles. The persistence of high food costs in the face of positive numbers shows the painful reality hidden within Statistics's Shadow.
Sources: Daily Post, National Bureau of Statistics (NBS)
