Nigeria’s headline inflation rate eased marginally to 15.39 percent in August 2026, down from 15.43 percent recorded in July, according to the latest Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS).
The latest figure represents a 0.04 percentage-point decline from the previous month.
On a month-on-month basis, headline inflation stood at 0.71 percent in August, down from 1.57 percent in July, indicating a slower increase in the average price level.
Food inflation also declined, falling to 19.57 percent year-on-year in August 2026, compared with 25.30 percent recorded in August 2025.
On a month-on-month basis, food inflation dropped to 1.02 percent in August, representing a 4.55 percentage-point decrease from the 5.56 percent recorded in July.
The NBS attributed the moderation largely to lower price increases for several food items, including palm oil, carrots, pepper, onions, cassava flour, beef, yam flour, water yam, melon (egusi), fresh ginger, fresh fish, Irish potatoes, wheat grain, frozen chicken and turkey.
On a year-on-year basis, Adamawa (38.85 percent), Zamfara (37.96 percent) and Bayelsa (36.20 percent) recorded the highest food inflation rates.
Meanwhile, Borno (-4.04 percent), Jigawa (-0.23 percent) and Kebbi (3.47 percent) recorded the lowest year-on-year food inflation rates.
On a month-on-month basis, Katsina (9.48 percent), Rivers (8.86 percent) and Osun (8.32 percent) recorded the highest food inflation rates, while Taraba (-12.42 percent), Borno (-12.15 percent) and Bauchi (-8.88 percent) recorded the largest declines.
