Nigeria’s headline inflation rate declined to 15.43 percent in July 2026, from 15.91 percent in June, according to the National Bureau of Statistics (NBS).
The NBS, in its Consumer Price Index (CPI) report released on Monday, said the July figure represented a 0.48 percentage-point decrease from the previous month.
On a month-on-month basis, headline inflation stood at 1.57 percent in July, down from 1.66 percent in June, indicating a slower rise in the average prices of goods and services during the month.
Food Inflation
Despite the decline in headline inflation, food inflation rose sharply on a month-on-month basis to 5.56 percent in July, compared with 3.75 percent in June.
On a year-on-year basis, however, food inflation stood at 20.31 percent in July, lower than the 26.20 percent recorded in July 2025.
The NBS attributed the movement in food prices to changes in the prices of commodities including rice, water yam, plantain, crayfish, fresh pepper, onions, carrots, tomatoes, garri, beef, eggs, guinea corn and ginger.
At the state level, year-on-year food inflation was highest in Adamawa at 51.36 percent, followed by Katsina at 30.84 percent and Zamfara at 30.65 percent.
The slowest year-on-year food inflation rates were recorded in Borno at -0.31 percent, Nasarawa at 6.88 percent and Kebbi at 12.50 percent.
On a month-on-month basis, food inflation was highest in Adamawa at 17.02 percent, Lagos at 13.48 percent and Borno at 13.26 percent. Meanwhile, Jigawa, Kebbi and Bauchi recorded declines of 3.68 percent, 3.67 percent and 1.85 percent respectively.
