Experts see further easing of inflation in July as harvest and naira stability offer relief

Experts predict a slight easing of inflation in Nigeria in July 2025 due to the seasonal harvest and stability of the naira. While food and transport costs remain high, analysts believe that improved domestic food supply and stable exchange rates could help moderate price growth.

The recent slowdown in June's inflation was mainly due to base effects, with core inflation rising slightly. Analysts suggest that ongoing harvests of staple crops like maize, yam, and cassava could boost market supply and reduce price pressures in the short term.

However, structural cost drivers such as high fuel prices and persistent logistics bottlenecks may keep inflation elevated. Despite lower energy costs compared to earlier in the year, experts warn that sustained efforts are needed to address inflationary pressures.

The true test will come in August and beyond as the impact of the harvest season and currency stability unfolds.