Categories: News

NBS: Nigeria’s Inflation Slips to 15.39% in August

Nigeria’s inflation rate eased to 15.39 per cent in August 2026 as the pace of price increases slowed across the economy, the National Bureau of Statistics has reported.

The latest Consumer Price Index report shows a modest fall from the 15.43 per cent recorded in July.

A sharper improvement was recorded in monthly inflation. The rate dropped from 1.57 per cent in July to 0.71 per cent in August, meaning prices continued to rise but at a much slower pace.

Food inflation also slowed significantly.

The NBS put year-on-year food inflation at 19.57 per cent in August. This was below the 25.30 per cent recorded a year earlier. Monthly food inflation also fell sharply, moving from 5.56 per cent in July to 1.02 per cent in August.

The statistics agency attributed the monthly decline to lower average prices for a range of food products, including palm oil, pepper, onions, cassava flour, beef, yam flour, egusi, ginger, fresh fish, Irish potatoes, chicken and turkey.

The improvement, however, was not shared equally across the country.

Adamawa had the highest annual food inflation rate at 38.85 per cent. Zamfara followed with 37.96 per cent, while Bayelsa recorded 36.20 per cent.

At the other end, Borno recorded negative annual food inflation of -4.04 per cent. Jigawa recorded -0.23 per cent, while Kebbi stood at 3.47 per cent.

For monthly food inflation, Katsina recorded the highest rate at 9.48 per cent, followed by Rivers at 8.86 per cent and Osun at 8.32 per cent.

The latest figures suggest a broad slowdown in price growth, although the wide differences between states show that many households are still facing very different food price pressures depending on where they live.