[REVISION HISTORY]

Nigeria inflation eases to 15.43% amid rising food costs

Updated 9 times since CLSTR started tracking revisions of this situation.

What changed

2026-08-26 11:37 UTC → 2026-09-09 19:18 UTC · added ~~removed~~

Nigeria inflation eases to 15.43% amid ~~regional disparities~~ rising food costs

In July 2026, Nigeria’s headline inflation rate declined to 15.43%, a 0.48 percentage-point decrease from the 15.91% recorded in June. This represents a significant year-on-year decrease from the 24.94% recorded in July 2025, driven by lower core and energy pressures. Core ~~inflation, which excludes volatile agricultural and energy prices,~~ inflation fell to 14.97% year-on-year, marking its lowest level since January 2025. Despite the national decline, significant regional disparities persist. ~~Data from the National Bureau of Statistics indicates that various states continue to record high annual inflation.~~ Adamawa State recorded the highest headline inflation at 33.03% and the highest food inflation at 51.36%, while Nasarawa State recorded the lowest headline inflation at 7.86%. Food prices remain a primary driver of volatility. ~~While year-on-year~~ Year-on-year food inflation ~~stood at~~ reached 20.31%—a new 11-month ~~high—month-on-month~~ high—while month-on-month food inflation rose to 5.56% in ~~July, up from 3.75% in June.~~ July. This surge was driven by rising costs for staples such as rice, beef, eggs, water yam, and ~~eggs. Economist Professor Ken Ife described the data as a “paradox~~ plantain. The combined impact of ~~conflicting narratives,” noting that while~~ food, transport, housing, and restaurant services accounts for approximately 72% of the headline ~~inflation decelerated due to lower energy prices~~ rate. The disparity between cooling headline figures and ~~a stable foreign exchange market, food costs faced significant pressure. Ife attributed~~ rising food costs is forcing many households to ~~increased farm-gate prices, higher costs for imported processed foods, supply chain disruptions,~~ reduce consumption of essential proteins, including fish, eggs, milk, and ~~rising maritime insurance costs. The~~ beef. This shift in dietary habits poses nutritional risks, particularly for children. Additionally, producers like poultry farmers are facing high production costs alongside weakening consumer demand. While the Central Bank of Nigeria has maintained its benchmark interest rate at ~~26.50% to manage~~ 26.50%, the decline in headline inflation ~~through monetary policy. Meanwhile, shoppers continue to report instances of “shrinkflation,” where manufacturers reduce~~ has not yet translated into relief for the ~~quantity or quality of goods like milk~~ average citizen due to sustained costs for food, rent, transport, and ~~tomato paste while maintaining high prices.~~ electricity.

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