BREAKING: Nigeria’s headline inflation rate drops to 15.39% in August 2026, says NBS
The National Bureau of Statistics (NBS) on Tuesday disclosed that Nigeria’s headline inflation moderated by four basis points to 15.39 per cent in August from 15.43 per cent in July 2026.
According to the NBS report, the movement in August 2026 Headline inflation rate showed a decrease of 0.04 per cent compared to the July 2026 Headline inflation rate.
“On a month-on-month basis, the Headline inflation rate in August 2026 was 0.71per cent which was 0.86 per cent lower than the rate recorded in July 2026 (1.57per cent). .
“This means that in August 2026, 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 report revealed.
The report on urban inflation stated that it stood at 15.88 per cent in August 2026.
“On a month-on-month basis, the Urban inflation rate was 0.28per cent in August 2026, down by 1.62% compared to July 2026 (1.90per cent). The corresponding twelve-month average for the Urban inflation rate was 16.28per cent in August 2026. This was 13.45percentage points lower compared to the 29.73per cent reported in August 2025.
On rural inflation, the NBS said it was 14.23 per cent on a year-on-year basis.
“On a month-on-month basis, the rural inflation rate in August 2026 was 1.79per cent, up by 1.01per cent compared to July 2026 (0.78per cent).
“The corresponding twelve-month average for the Rural inflation rate in August 2026 was 16.02per cent. This was 10.45 percentage points lower compared to the 26.47per cent recorded in August 2025,” NBS explained.
It added that Food inflation rate in August 2026 was 19.57per cent on a year-on-year basis and stood at 25.30per cent in the same month of the preceding year (August 2025).
