Nigeria’s Inflation Eases Marginally to 15.39% in August

Nigeria’s headline inflation rate eased 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 latest figure represents a 0.04 percentage-point decline and is significantly lower than the 23.14 per cent recorded in August 2025. On a month-on-month basis, inflation also slowed to 0.71 per cent in August from 1.57 per cent in July.

Punch Newspapers
Food inflation, a major driver of household expenses, fell to 19.57 per cent year-on-year, while its monthly rate dropped sharply from 5.56 per cent in July to 1.02 per cent in August.

The figures indicate a moderation in the pace at which consumer prices are rising, although food and other essential goods remain significant pressures on household budgets.