Nigeria’s Inflation Slows Further as July Rate Falls to 15.43% – NBS

Nigeria’s inflation dropped further to 15.43 percent in July 2026, down from 15.91 percent recorded in June 2026.

Philips News reports that this was disclosed in its Consumer Price Index and inflation report released by the National Bureau of Statistics (NBS) on Monday, August 17, 2026.

The development means Nigeria’s headline inflation rate in July was 15.43 percent.

Similarly, food inflation was 5.56 percent on a month-on-month basis.

“In July 2026, the Headline inflation rate stood at 15.43 percent.

“On a month-on-month basis, the Headline inflation rate in July 2026 was 1.57%.

“The Food inflation rate in July 2026 was 5.56 percent on a month-on-month basis”, NBS stated on X.

Meanwhile, PhilipsNews reports that the Central Bank of Nigeria’s Monetary Policy Committee retained the country’s interest rate at 26.50 percent in July.