Inflation eases to 15.43% amid food price surge

Nigeria's headline inflation rate eased to 15.43% in July 2026, with food prices driving a sharp increase in food inflation. While overall inflation slowed, food inflation surged by 1.82 percentage points to 5.56% month-on-month, driven by higher prices of various food items. Core inflation, which excludes volatile agricultural products and energy, also decreased to 14.97% year-on-year, reflecting a 8.98% decline from July 2025.

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