Nigeria’s inflation slows but food prices surge in July
Nigeria’s headline inflation rate eased to 15.43 per cent in July 2026, according to the National Bureau of Statistics. However, food inflation accelerated sharply, putting pressure on household budgets. The report highlighted significant increases in the prices of various staple foods. The figures reflect ongoing challenges despite efforts by authorities to control inflation.
TLDR
- Headline inflation dropped to 15.43 per cent in July 2026, down from 15.91 per cent in June.
- Food inflation rose to 5.56 per cent month-on-month in July 2026, up from 3.75 per cent in June.
- Year-on-year food inflation moderated to 20.31 per cent in July 2026, compared with 26.20 per cent in July 2025.
- Core inflation fell to 14.97 per cent year-on-year in July 2026, from 23.95 per cent in July 2025.
- Adamawa, Katsina, and Zamfara recorded the highest annual food inflation, while Borno, Nasarawa, and Kebbi had the lowest.
