Nigeria’s Inflation Eases to 15.39% in August – NBS
Nigeria’s headline inflation rate fell marginally to 15.39 per cent in August 2026, from 15.43 per cent recorded in July, according to the National Bureau of Statistics (NBS).
The latest figure, contained in the NBS Consumer Price Index (CPI) report released on Wednesday, represents a 0.04 percentage-point decline in the headline inflation rate.
The bureau said the month-on-month headline inflation rate also declined significantly to 0.71 per cent in August, compared with 1.57 per cent recorded in July, representing a 0.86 percentage-point decrease.
“This means that in August 2026, the rate of increase in the average price level was lower than the rate of increase in the average price level in July 2026,” the NBS said.
The bureau reported that food inflation stood at 19.57 per cent year-on-year in August, down from 25.30 per cent recorded in the corresponding month of the previous year.
On a month-on-month basis, food inflation declined to 1.02 per cent in August, from 5.56 per cent in July, representing a 4.55 percentage-point decrease.
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The NBS attributed the decline primarily to changes in the average prices of several food commodities, including palm oil, carrots, pepper, onions, cassava flour, beef, yam flour, water yam, melon (egusi), fresh ginger, fresh fish, Irish potatoes, wheat grain, frozen chicken and turkey meat.
At the state level, Adamawa recorded the highest year-on-year food inflation rate at 38.85 per cent, followed by Zamfara at 37.96 per cent and Bayelsa at 36.20 per cent.
The lowest year-on-year food inflation rates were recorded in Borno at -4.04 per cent, Jigawa at -0.23 per cent and Kebbi at 3.47 per cent, according to the NBS.
On a month-on-month basis, Katsina recorded the highest food inflation rate at 9.48 per cent, followed by Rivers at 8.86 per cent and Osun at 8.32 per cent.
Meanwhile, Taraba recorded the largest month-on-month decline at -12.42 per cent, followed by Borno at -12.15 per cent and Bauchi at -8.88 per cent.
The latest figures indicate a continued moderation in both headline and food inflation during the period under review, although food prices remained a major component of inflationary pressures across several states.
By PRNigeria
