Headline inflation in Nigeria fell from 15.91 per cent in June to 15.43 per cent in July, according to newly released data by the National Bureau of Statistics (NBS).
In its Consumer Price Index (CPI) report released on Monday, the NBS said the July 2026 headline inflation rate declined by 0.48 percentage points from the rate recorded in June.
“On a month-on-month basis, the headline inflation rate in July 2026 was 1.57 per cent, which was 0.09 per cent lower than the rate recorded in June 2026 (1.66 per cent),” the bureau said.
The NBS explained that the decline means the average price level increased at a slower rate in July than in June.
Meanwhile, food inflation rose to 20.31 per cent year-on-year in July 2026. The increase was driven by higher prices of several food items, including rice, water yam and plantain.
On a month-on-month basis, food inflation rose sharply to 5.56 per cent in July from 3.75 per cent in June, representing an increase of 1.82 percentage points.
The NBS attributed the month-on-month increase to changes in the average prices of commodities including crayfish, fresh pepper, fresh onions, carrots, rice, water yam, fresh tomatoes, garri, plantain, beef, eggs, guinea corn, ginger and plantain flour.
At the state level, Adamawa recorded the highest month-on-month food inflation rate at 17.02 per cent, followed by Lagos at 13.48 per cent and Borno at 13.26 per cent.
Jigawa, with -3.68 per cent, recorded the largest month-on-month decline in food inflation, followed by Kebbi at -3.67 per cent and Bauchi at -1.85 per cent.
On a year-on-year basis, food inflation was highest in Adamawa at 51.36 per cent, followed by Katsina at 30.84 per cent and Zamfara at 30.65 per cent.
Borno recorded the slowest year-on-year increase at -0.31 per cent, followed by Nasarawa at 6.88 per cent and Kebbi at 12.50 per cent.
