Nigeria’s Inflation: Prices still rising despite August decline – Financial Analyst, Oyedokun

Professor Godwin Oyedokun, a fiscal expert and lecturer astatine Lead City University, has described the marginal moderation successful Nigeria’s ostentation complaint successful August 2026 arsenic a affirmative development, but cautioned that it does not mean prices person fallen.

Oyedokun made this known successful an interrogation with DAILY POST portion reacting to the latest ostentation figures released by the National Bureau of Statistics, NBS.

The NBS reported that Nigeria’s header ostentation rate moderated slightly from 15.43 percent successful July to 15.39 percent successful August 2026.

Reacting, Oyedokun said the August diminution means that prices are inactive increasing, but astatine a slower rate.

“The moderation of Nigeria’s ostentation from 15.43 percent successful July to 15.39 percent successful August 2026 is simply a affirmative development, but it should not beryllium interpreted arsenic prices falling.

“It means that prices are inactive rising, but astatine a slower rate,” helium said.

The Financial Analyst said the much important improvement was the diminution successful month-on-month inflation,...