Nigeria inflation cools to 21.88% in July, stoking bets on rate cut

• Nigeria’s inflation slowed for the fourth straight month in July
• Analysts see harvests easing food prices but warn security and oil market risks could reverse gains

ABUJA, NIGERIA – Nigeria’s annual inflation rate slowed for the fourth consecutive month in July, dropping to 21.88% from 22.22% in June, as food and core prices eased, says the National Bureau of Statistics.