Nigeria’s inflation rate has eased to 14.45 percent, offering a small relief to households and businesses struggling with high living costs. The latest figure shows a slowdown in overall price increases compared to previous months, even though food prices continue to rise across many parts of the country.

Experts say the decline suggests that price pressures in non-food items, such as transport and services, may be cooling slightly. However, the persistent increase in food costs remains a major concern, as it affects daily spending for millions of Nigerians who spend a large share of their income on meals.

Rising food prices have been linked to factors such as insecurity in farming communities, high transportation costs, and climate-related challenges. These issues have limited food supply and pushed prices higher, offsetting gains made in other sectors of the economy.

While the easing inflation rate is seen as a positive sign, economists warn that sustained improvement will depend on stronger food production, better supply chains, and stable economic policies. Until then, many Nigerians may continue to feel the pressure of high food costs despite the slower inflation pace.