Nigeria’s headline inflation rate fell to 15.43 per cent in July 2026, down from 15.91 per cent recorded in June, according to the latest figures released by the National Bureau of Statistics (NBS).
The NBS, in its Consumer Price Index report issued on Monday, said the July figure represented a 0.48 percentage-point decline from the previous month.
On a month-on-month basis, inflation also moderated, dropping to 1.57 per cent in July from 1.66 per cent in June.
The bureau said the decline indicated that the pace at which the average prices of goods and services increased was slower in July than in the preceding month.
Despite the moderation in headline inflation, food prices continued to exert pressure on consumers. Food inflation stood at 20.31 per cent year-on-year in July 2026.
The NBS attributed the food inflation rate to changes in the prices of several commodities, including rice, water yam, plantain, crayfish, fresh pepper, onions, carrots, tomatoes, garri, beef, eggs, guinea corn, ginger and plantain flour.
On a month-on-month basis, food inflation accelerated to 5.56 per cent in July, compared with 3.75 per cent in June, representing a 1.82 percentage-point increase.
Adamawa recorded the highest month-on-month food inflation at 17.02 per cent, followed by Lagos at 13.48 per cent and Borno at 13.26 per cent.
Meanwhile, Jigawa recorded the sharpest decline at -3.68 per cent, followed by Kebbi at -3.67 per cent and Bauchi at -1.85 per cent.
On a year-on-year basis, Adamawa also recorded the highest food inflation at 51.36 per cent, while Katsina and Zamfara followed with 30.84 per cent and 30.65 per cent respectively.
Borno recorded the slowest year-on-year increase at -0.31 per cent, followed by Nasarawa at 6.88 per cent and Kebbi at 12.50 per cent.
