Nigeria's inflation drops to 15.39% in August 2026, down from 15.43% in July

Nigeria's headline inflation rate eased to 15.39% in August 2026, according to the National Bureau of Statistics (NBS). This represents a 0.04 percentage-point decline from July 2026's rate of 15.43%. More significantly, the August 2026 figure is 7.75 percentage points below the 23.14% recorded in August 2025, showing substantial year-on-year improvement.

The NBS confirmed the movement: "Headline inflation rate stood at 15.39%, down from 15.43% in July 2026 and 23.14% in August 2025." While the month-on-month change is modest, the yearly decline indicates ongoing disinflation trends following peak inflation levels seen in 2023-2024.

For Nigerians, this suggests gradual relief from cost-of-living pressures, though inflation remains elevated compared to historical norms. The data may influence personal budgeting decisions, business pricing strategies, and expectations around monetary policy from the Central Bank of Nigeria. With food and transport typically driving Nigerian inflation, households might see slight easing in monthly expenses if this trend continues.

Given this inflation trajectory, will you adjust your monthly budget allocations for essentials like food and transport, hold off on major purchases anticipating further declines, or maintain current spending patterns cautiously?

SOURCE: https://nairametrics.com/2026/09/15/nigerias-headline-inflation-eases-to-15-39-in-august/