August Inflation Drops To 15.39% From 15.43% — NBS

Nigeria’s headline inflation rate fell 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 report for August released on Tuesday. The latest figure represents a 0.04 percentage-point decline from the July rate and is significantly lower than the 23.14 per cent recorded in August 2025. The statistics agency said the decline indicates that the rate at which the average price level increased was marginally lower during the month under review compared with July. The August figure marks another movement in Nigeria’s inflation trend following changes in the methodology used to measure the Consumer Price Index.

On a month-on-month basis, the headline inflation rate stood at 0.71 per cent in August, representing a 0.86 percentage-point decline from the 1.57 per cent recorded in July. The NBS explained that the month-on-month figure measures the rate of increase in the average price level between consecutive months. The latest data therefore indicates that consumer prices increased at a slower pace in August than they did in July. The new figures will be closely watched by policymakers, businesses and households as inflation remains a key indicator of economic conditions and purchasing power in the country.

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