Nigeria’s inflation falls to 15.39% as food inflation slows – NBS
Nigeria’s headline inflation rate declined slightly to 15.39 per cent in August 2026, down from 15.43 per cent recorded in July, according to the National Bureau of Statistics, NBS. The NBS disclosed this in its Consumer Price Index, CPI, report for August 2026 released on Tuesday. The bureau said the CPI, which tracks changes in […] Nigeria’s inflation falls to 15.39% as food inflation slows –…
Nigeria's headline inflation rate fell to 15.39% in August 2026, according to the National Bureau of Statistics (NBS). This represents a slight decline from 15.43% in July, with the Consumer Price Index (CPI) increasing to 146.3 points from 145.3 points. The NBS noted that the inflation rate slowed on a month-on-month basis, falling to 0.71% from 1.57% in July. Additionally, food inflation moderated, decreasing to 19.57% year-on-year in August, down from 25.30% in the same period last year.
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