Nigeria’s headline inflation rate has eased further to 15.39% in August 2026, from 15.43% in July, as the rate of increase in the prices of goods and services slowed during the month.
The National Bureau of Statistics, NBS latest consumer price index shows the month-on-month inflation rate also declined significantly to 0.71% in August, from 1.57% in July.
The NBS says food and non-alcoholic beverages remained the biggest contributor to headline inflation, accounting for 6.16 percentage points, followed by restaurants and accommodation services at 1.99 points and transport at 1.64 points.
Food inflation also moderated, falling to 19.57% year-on-year in August from 25.30% a year earlier.
On a monthly basis, food inflation declined to 1.02% from 5.56% in July, with the NBS attributing the slower increase mainly to changes in the prices of items including palm oil, carrots, pepper, onions, cassava flour, beef, yam flour, egusi, fresh fish and potatoes.
Despite the further moderation in the national inflation rate, price pressures remain uneven across the country. Lagos recorded the highest year-on-year headline inflation at 23.68%, while Sokoto had the lowest at 2.11%.
The figures suggest that while the general pace of price increases is slowing, households continue to face different cost pressures depending on their location and consumption patterns.
(Follow AIT News on WhatsApp, AfricaIndependentTV on YouTube, ait_online on Facebook and X (Formerly Twitter), and officialait on TikTok, Instagram and Threads)
(Editor: Terverr Tyav)
