Inflation eases to 15.39% amidst rising cost of living

The National Bureau of Statistics reported that Nigeria's headline inflation rate eased to 15.39 percent in August 2026, a marginal decrease from 15.43 percent in July 2026. On a year-on-year basis, the rate was significantly lower than the 23.14 percent recorded in August 2025. Food inflation stood at 19.57 percent year-on-year, down from 25.30 percent in the same month of the previous year. On a month-on-month basis, both headline and food inflation rates also declined.

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