Nigeria’s inflation eases to 15.39% in August as food prices slow, NBS reports

 The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate has dropped to 15.39 percent in August 2026, down from the 15.43 percent in July.   NBS announced the increase in its consumer price index (CPI) report on Wednesday.   “Headline inflation rate showed a decrease of 0.04% compared to the July 2026 Headline inflation rate,” the bureau said.   “On a month-on-month basis, the Headline inflation rate in August 2026 was 0.71%, which was 0.86% lower than the rate recorded in July 2026 (1.57%).     “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.”   FOOD INFLATION RATE STOOD AT 19% IN AUGUST   NBS said the food inflation rate in August 2026 was 19.57 percent on a year-on-year basis.     The bureau also said the food inflation rate is lower compared to the 25.30 percent recorded in the same month of the preceding year.   “However, on a month-on-month basis, the Food inflation rate in August 2026 was 1.02%, down by 4.55% points from July 2026 (5.56%),” the report reads.   “This shows that the average prices of food items are increasing at a decreasing rate in August 2026.”   The statistics firm said the decline in the rate can be “attributed mainly to changes in the average prices of Palm Oil, Carrots, Pepper, Onions, Cassava Flour, Beef, Yam Flour, Water Yam, Melon (Egusi), Fresh Ginger Fresh Fish, Irish Potatoes, Wheat Grain, Frozen Chicken, Turkey Meat, Yam Flour, among others”.     NBS further said in August 2026, food inflation on a year-on-year basis was highest in Adamawa (38.85 percent), Zamfara (37.96 percent), and Bayelsa (36.20 percent)   On the other hand, the slowest rise in food inflation on a year-on-year basis were recorded in Borno (-4.04 percent), Jigawa (-0.23 percent) and Kebbi (3.47 percent).   However, on a month-on-month basis, the bureau said food inflation was highest in Katsina (9.48 percent), Rivers (8.86 percent) and Osun (8.32 percent), while Taraba (-12.42 percent), Borno (-12.15 percent), and Bauchi (-8.88 percent) recorded the slowest rise.

The inflation rate declined slightly in August, while food inflation recorded a sharp slowdown after rising significantly in July. The post Nigeria inflation falls to 15.39% in August – NBS appeared first on Premium Times Nigeria.

Nigeria’s headline inflation rate declined slightly to 15.39 per cent in August 2026, down from 15.43 per cent recorded in July, according to the National Bureau of Statistics, NBS. The NBS disclosed this in its Consumer Price Index, CPI, report for August 2026 released on Tuesday. The bureau said the CPI, which tracks changes in […] Nigeria’s inflation falls to 15.39% as food inflation slows – NBS

Nigeria’s headline inflation rate eased marginally to 15.39 per cent in August 2026, as the pace of increase in food prices slowed significantly during the month, according to the National Bureau of Statistics. The NBS disclosed this in its Consumer Price Index report for August 2026 released on Monday. The latest figure represents a 0.04 Read More: https://punchng.com/inflation-eases-to-15-39-as-food-prices-slow-nbs-sami-tunji-abuja-nigerias-headline-inflation-rate-eased-marginally-to-15-39-per-cent-in-august-2026-as-the-pace-of-increase-in-f/

Nigeria's headline inflation eased to 15.39% in August as food and core inflation slowed, offering relief to consumers nationwide amid weaker monthly price growth.