Government data released on Monday revealed that the rates of inflation for vegetables were negative (-2.19 per cent) along with pulses (-8.91 per cent) and sugar and confectionery (-5.81 per cent).
Based on the Consumer Price Index (CPI), retail inflation for June has also been revised downwards to 4.92 per cent from the earlier estimate of 5 per cent, as per the Central Statistics Office (CSO) data released today.
The report reads in part, "The consumer price index, which measures inflation, increased by 11.14 per cent (year-on-year) in July 2018".
When the Bank of England raised interest rates this month, it said inflation would rise to 2.6 percent in July before weakening.
On a month-on-month basis, July food inflation was highest in Kwara (4.57%), Kaduna (3.99%) and Imo (3.44%), while Ogun (0.16%) and Osun (0.38%) recorded the slowest rise.
Hawksworth added: "With jobs growth also slowing in the latest figures, real household income growth will remain subdued and we expect that this will continue to hold back consumer spending growth to modest levels over the next 12-18 months".
"These figures show that the cost of living squeeze is not yet a thing of the past", Tej Parikh, a senior economist at business lobbyist the Institute of Directors said in an email.
Another measure of inflation, the Retail Price Index (RPI), rose by 3.2 percent, its weakest rise since March 2017.
"Unfavourable base effect of June 2017 turned favourable in July".
Inflation rose last month, largely due to higher transport costs, new official figures show. Years of steady house price hikes have created huge affordability issues for first-time buyers, so the fact that annual house price growth has fallen to its lowest point in five years will be a welcome change for many.
"The core CPI inflation recorded only a mild decline in July 2018, with an uptick in inflation for miscellaneous items weighing against the correction in the other components", said Aditi Nayar, principal economist at ICRA.
Prices for clothes were down by as much as 3.7pc month on month.
Tuesday's data also showed that real wages in the United Kingdom continue to grow, although not by much, something that will be made worse by Wednesday's higher inflation reading.