Nigeria’s headline inflation rate has declined to 15.43 per cent, providing some relief for households and businesses even as the cost of food continues to rise.
According to the latest figures from the National Bureau of Statistics (NBS), headline inflation fell from 15.91 per cent in June 2026 to 15.43 per cent in July.
The decline marks another moderation in the country’s overall inflation rate, suggesting that the pace at which prices of goods and services are increasing has slowed.
However, the development comes with a major concern for consumers as food inflation increased to 20.31 per cent during the period.
The rise in food prices means many households may continue to feel the pressure of the high cost of living despite the decline in headline inflation.
The increase in food inflation was driven by higher prices of several food items, including rice, tomatoes, onions, pepper, carrots, garri, plantains, beef, eggs, and crayfish.
Meanwhile, core inflation, which excludes some volatile items such as agricultural produce and energy, also declined during the period.
The latest figures therefore present a mixed picture for the Nigerian economy. While the fall in headline inflation offers a positive sign, the continued increase in food prices remains a major challenge for consumers.
For many households, the rising cost of essential food items continues to put pressure on disposable income and purchasing power, highlighting the gap between improvements in headline inflation and the everyday cost of living.