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Nigeria’s headline inflation rate has dropped to 15.43 per cent in July 2026, from 15.91 per cent in June, according to the latest data released by the National Bureau of Statistics (NBS).
In its Consumer Price Index report released on Monday, the NBS said the July inflation rate fell by 0.48 percentage points from June.
On a month-on-month basis, headline inflation also slowed to 1.57 per cent in July from 1.66 per cent in June. The Bureau said this means the average price level increased at a slower rate in July than in June.
However, headline inflation fell while food prices remained under pressure. Food inflation rose to 20.31 per cent year-on-year in July, down from 26.20 per cent in July 2025.
Month on month, food inflation rose sharply to 5.56 per cent in July from 3.75 per cent in June, a 1.82 percentage-point increase.
The NBS attributed the rise to changes in the prices of several food items, including rice, water yam, plantain, crayfish, fresh pepper, onions, carrots, tomatoes, garri, beef, eggs, guinea corn, ginger and plantain flour.
Among the states, Adamawa recorded the highest month-on-month food inflation at 17.02 per cent, followed by Lagos at 13.48 per cent and Borno at 13.26 per cent. Meanwhile, Jigawa recorded a decline of 3.68 per cent, followed by Kebbi at 3.67 per cent and Bauchi at 1.85 per cent.
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 rise at -0.31 per cent, while Nasarawa and Kebbi recorded 6.88 per cent and 12.50 per cent respectively.
The latest figures present a mixed picture for Nigerian consumers. While the overall inflation rate has continued to ease, the sharp monthly increase in food prices means households may still face significant pressure when buying everyday essentials.
