Nigeria’s inflation falls to 15.39% as food inflation slows – NBS

Nigeria’s header ostentation complaint declined somewhat to 15.39 per cent successful August 2026, down from 15.43 per cent recorded successful July, according to the National Bureau of Statistics, NBS.

The NBS disclosed this successful its Consumer Price Index, CPI, study for August 2026 released connected Tuesday.

The bureau said the CPI, which tracks changes successful the prices of goods and services, roseate to 146.3 points successful August from 145.3 points successful July, representing an summation of 1.0 point.

According to the report, the header ostentation complaint dropped by 0.04 percent points compared to the 15.43 per cent recorded successful July. The fig was besides considerably little than the 23.14 per cent posted successful August 2025.

On a month-on-month basis, header ostentation slowed to 0.71 per cent successful August from 1.57 per cent successful July.

“This means that successful August 2026, the complaint of summation successful the mean terms level was little than the complaint of summation successful the mean terms level successful July 2026,” the bureau stated.

The NBS further reported that the mean CPI for the 12 months ending August 2026 roseate by 16.30 per cent compared with the mean recorded successful the preceding 12-month period.

It noted that this represented a diminution of 12.02 percent from the 28.32 per cent recorded successful August 2025.

The study showed that municipality ostentation stood astatine 15.88 per cent year-on-year successful August, whi...