Nigeria’s headline inflation rate declined to 15.43 percent in July 2026, according to new figures released by the National Bureau of Statistics. The latest figure represents a significant drop from the 24.94 percent recorded in July 2025, indicating a slower pace of price increases over the past 12 months. On a month-on-month basis, inflation also […]
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Nigeria’s headline inflation rate declined to 15.43 percent in July 2026, according to new figures released by the National Bureau of Statistics.
The latest figure represents a significant drop from the 24.94 percent recorded in July 2025, indicating a slower pace of price increases over the past 12 months.
On a month-on-month basis, inflation also moderated slightly. Prices rose by 1.57 percent in July, compared with the 1.66 percent increase recorded in June.
The figures indicate that although the general cost of goods and services continued to rise during the month, prices increased at a slower rate than in the previous month.
Nigeria’s year-on-year inflation has generally been on a downward path, falling from 24.94 percent in July last year to 15.43 percent in the corresponding period this year, despite some fluctuations along the way.
The decline comes as the Federal Government and monetary authorities continue measures aimed at stabilising the economy and reducing inflationary pressures on households and businesses.
The National Bureau of Statistics is expected to provide further breakdown of the July figures, including changes in food and non-food inflation.
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