Nigeria's Inflation Rate Stands at 40% - Ex-CIBN President Counters NBS

Food inflation rate rises 5th consecutive month to 20.31%

By Elizabeth Adegbesan Nigeria’s food inflation rate rose significantly by 2.79 percentage points to 20.31 percent in July from 17.52 percent in June, representing the fifth consecutive month’s rise since March 2026. The 20 percent threshold in food inflation rate was last recorded in February 2021. The National Bureau of Statistics, NBS, disclosed this yesterday in its […] The post Food inflation rate rises 5th consecutive month to 20.31% appea…

Nigeria's inflation rate stands at 40% - Ex-CIBN president counters NBS

Dr Okechukwu Unegbu, former President of the Chartered Institute of Bankers of Nigeria, CIBN, has disagreed with the latest inflation figures released by the National Bureau of Statistics, NBS. According to him, Nigeria’s headline inflation is between 35 and 40 per cent. Recall that the NBS on Monday released its Consumer Price Index, CPI, and inflation report […] Nigeria’s inflation rate stands at 40% – Ex-CIBN president counters NBS

Inflation eases to 15.43% amid food price surge

Nigeria's headline inflation rate eased to 15.43% in July 2026, but food prices surged. Get the latest on Nigeria inflation and its impact.

Nigeria’s Inflation Falls To 15.43%, But Food Inflation Hits 20.31%

Nigeria’s headline inflation rate eased to 15.43 per cent in July 2026, but the drop offers little relief to households as food inflation climbed above 20 per cent during the month. The National Bureau of Statistics, NBS, disclosed this in its latest Consumer Price Index report released on Monday. Headline inflation fell from 15.91 per cent in June to 15.43 per cent in July. For millions of Nigerians, however, the figures are likely to feel very…

Nigeria’s Inflation Drops to 15.43% in July as Food Inflation Remains High

Nigeria’s headline inflation rate fell to 15.43 per cent in July 2026, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The July figure represents a decline from the 15.91 per cent recorded in June, indicating a slowdown in the overall rate at which consumer prices increased. […] The post Nigeria’s Inflation Drops to 15.43% in July as Food Inflation Remains High appeared first on Free…

Nigeria’s inflation rate drops to 15.43%

The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate dropped from 15.91 percent in June to 15.43 percent in July.   This is contained in its consumer price index (CPI) report released on Monday.   NBS said the July 2026 headline inflation rate “showed a decrease of 0.48% compared to the June 2026 headline inflation rate”.   “On a month-on-month basis, the Headline inflation rate in July 2026 was 1.57%, which was 0.09% l…