Nigeria’s headline inflation rate eased marginally to 15.39 per cent in August 2026, as the pace of increase in consumer prices slowed during the month, according to the National Bureau of Statistics.
The NBS disclosed this in its Consumer Price Index report for August 2026, released on Monday.
The latest figure represents a 0.04 percentage-point decline from the 15.43 per cent recorded in July and a significant moderation from the 23.14 per cent recorded in August 2025.
According to the bureau, “In August 2026, the headline inflation rate stood at 15.39 per cent, down from 15.43 per cent in July 2026 and stood at 23.14 per cent in the same month of the preceding year (August 2025).”
Despite the decline in the annual inflation rate, the Consumer Price Index, which measures changes in the prices of goods and services consumed by households, increased to 146.3 points in August from 145.3 points in July.
On a month-on-month basis, however, inflation slowed significantly to 0.71 per cent in August from 1.57 per cent in July.
The development indicates that while the average prices of goods and services continued to rise, they did so at a slower pace compared with the previous month.
The NBS explained that the August figure meant that “the rate of increase in the average price level was lower than the rate of increase in the average price level in July 2026.”
The latest data points to a continued moderation in Nigeria’s inflation rate, although the rise in the overall Consumer Price Index suggests that consumers are still facing higher prices across the economy.
