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 National Bureau of Statistics (NBS).
The latest figure was contained in the Consumer Price Index and Inflation Report released by the statistics agency on Monday.
The NBS said headline inflation stood at 1.57 per cent on a month-on-month basis in July, indicating a rise in average consumer prices compared with the previous month.
Food inflation also stood at 5.56 per cent month-on-month in July, reflecting continued changes in the prices of food items across the country.
“In July 2026, the Headline inflation rate stood at 15.43 per cent,” the NBS said in a statement published on X.
It added: “On a month-on-month basis, the Headline inflation rate in July 2026 was 1.57 per cent. The Food inflation rate in July 2026 was 5.56 per cent on a month-on-month basis.”
The latest decline in headline inflation comes as the Central Bank of Nigeria continues to maintain a tight monetary policy stance aimed at containing price pressures.
At its July meeting, the CBN’s Monetary Policy Committee retained the Monetary Policy Rate at 26.50 per cent.
The July inflation figures provide an updated indication of price movements in Africa’s largest economy as policymakers continue to balance efforts to curb inflation with the need to support economic growth.
