Inflation Slows To 15.39% In August

Nigeria’s headline inflation rate moderated marginally to 15.39 per cent year on year in August 2026, down from 15.43 per cent recorded in July, indicating a continued easing in the pace of increase in consumer prices. The latest figure represents a four basis points decline in the headline inflation rate, according to data contained in the latest inflation analysis. On a month on month basis, the moderation was more pronounced as the growth in consumer prices slowed to 0.71 per cent in August, representing an 86 basis points decline from the 1.57 per cent recorded in July. The slower monthly increase was driven largely by moderation in food prices, as well as a decline in the pace of increase in core inflation, which excludes farm produce and energy.

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