Nigeria’s consumer price growth slowed marginally in August 2026, with the annual Consumer Price Index (CPI) reading edging down to 15.39% year-on-year, compared with 15.43% in July 2026. The latest data, updated on 15 September 2026, show a modest easing in price pressures but keep inflation firmly elevated on an annual basis.
The figures are calculated on a year-over-year basis, meaning the August 2026 rate reflects the change in prices compared with August 2025, while July’s reading captured the change versus July 2025. The slight deceleration suggests that while inflationary pressures remain strong, they may be stabilizing rather than accelerating further.
For policymakers and markets, the small decline from 15.43% to 15.39% will be watched closely to assess whether it signals the beginning of a more sustained cooling in consumer prices or simply a temporary pause in upward momentum. Investors and analysts are likely to monitor upcoming releases to gauge the durability of this easing trend.
