Nigeria’s Inflation Eases To 15.43% As Food Prices Continue To Rise

Nigeria’s headline inflation rate fell to 15.43 per cent in July 2026, down from 15.91 per cent recorded in June, according to the latest report from the National Bureau of Statistics (NBS).

The figures indicate a 0.48 percentage-point decline in the headline inflation rate, suggesting that the overall pace of price increases slowed during the month.

Monthly Inflation Also Declines

According to the NBS Consumer Price Index report released on Monday, inflation stood at 1.57 per cent month-on-month in July, compared with 1.66 per cent in June.

The bureau said the decline means the average price level increased at a slower pace in July than it did the previous month.

However, the improvement in headline inflation did not translate into lower food inflation.

Food Inflation Rises To 20.31%

Food inflation increased to 20.31 per cent year-on-year in July, although it remained below the 26.20 per cent recorded in July 2025.

On a month-on-month basis, food inflation climbed sharply to 5.56 per cent, up from 3.75 per cent in June.

The NBS attributed the changes to movements in the prices of several food items, including rice, water yam, plantain, crayfish, fresh pepper, onions, carrots, tomatoes, garri, beef, eggs and guinea corn.

Adamawa Records Highest Food Inflation

Food prices varied significantly across states.

On a month-on-month basis, Adamawa recorded the highest food inflation at 17.02 per cent, followed by Lagos at 13.48 per cent and Borno at 13.26 per cent.

Meanwhile, Jigawa, Kebbi and Bauchi recorded declines of 3.68 per cent, 3.67 per cent and 1.85 per cent respectively.

On a year-on-year basis, Adamawa also recorded the highest food inflation at 51.36 per cent, followed by Katsina at 30.84 per cent and Zamfara at 30.65 per cent.

Borno recorded the slowest year-on-year increase at -0.31 per cent, followed by Nasarawa at 6.88 per cent and Kebbi at 12.50 per cent.

While the fall in headline inflation offers some relief, the continued rise in food prices remains a major concern for households across the country.