{
  "id": 1540797,
  "title": "Nigeria’s inflation rate drops to 15.43%",
  "url": "https://urgent.news/2026/08/17/nigerias-inflation-rate-drops-to-15-43",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T17:27:37.000Z",
  "source": {
    "name": "Daily Trust",
    "slug": "daily-trust",
    "url": "https://dailytrust.com/nigerias-inflation-rate-drops-to-15-43/"
  },
  "original_language": "en",
  "account": "The National Bureau of Statistics (NBS) reported that Nigeria's headline inflation rate decreased to 15.43% in July, down from 15.91% in June. Comparing July 2026 to July 2025, the headline inflation rate was 15.43%, a decrease from 24.94% in July 2025. The three major contributors to the year-on-year inflation were food and non-alcoholic beverages at 6.18%, restaurants and accommodation services at 1.99%, and transport at 1.64%. The least contributors were recreation, sports, and culture at 0.05%, alcoholic beverages, tobacco, and narcotics at 0.06%, and insurance and financial services at 0.07%. On a month-on-month basis, the headline inflation rate in July was 1.57%, a decrease from 1.66% in June. Food inflation on a year-on-year basis was 20.31% in July, down from 26.20% in June. The decline was attributed to the rise in prices of crayfish, fresh pepper, onions, carrots, rice, and water yam. Core inflation, excluding volatile agricultural produce and energy, was 14.97% in July, a decline from 23.95% in July 2025. On a month-on-month basis, core inflation decreased by 1.51% compared to June. In rural areas, the inflation rate was 13.77% on a year-on-year basis in July, up from 13.77% in June. In urban areas, the inflation rate was 16.12% on a year-on-year basis in July, down from 16.12% in June. Adamawa had the highest all-items index inflation rate at 33.03% on a year-on-year basis in July, followed by Yobe at 25.21%, and Anambra at 23.99%.",
  "summary": "The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate dropped to 15.43 per cent in July. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for July released in Abuja on Monday The report said that the July headline inflation rate showed a decrease of 0.48 per cent compared […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}