Nigeria’s headline inflation rate declined marginally to 15.39 per cent in August 2026, driven largely by a sharp slowdown in food price growth during the month. The latest figure was contained in the Consumer Price Index report for August 2026 released by the National Bureau of Statistics (NBS) on Tuesday. According to the report, the…
Nigeria’s headline inflation rate declined to 14.45 per cent in November 2025, signalling a sustained moderation in price pressures and reinforcing expectations that recent monetary tightening and foreign exchange reforms by the Central Bank of Nigeria (CBN) are beginning to yield results. The figure represents a 1.6 percentage-point drop from the 16.05 per cent recorded…
The National Bureau of Statistics, NBS is out with a new report on the performance of the economy. In the report released on Wednesday, the agency said that Nigeria’s headline inflation rate eased to 18.02 per cent last month. With the September report, the fall in inflation shows a significant moderation from 20.12 per cent…
Analysts at Afrinvest West Africa have projected that Nigeria’s headline inflation will ease further to 21.3 per cent year-on-year in August 2025, supported by foreign exchange (FX) stability, early harvest inflows, and relatively subdued global commodity prices. However, they cautioned that persistent food supply constraints and seasonal factors are likely to sustain upward pressure on…
The National Bureau of Statistics (NBS) announced on Friday that Nigeria’s inflation rate continued its downward trajectory in July 2025, falling to 21.88 per cent. The statistics agency attributed the slowdown to the recent rebasing of the Consumer Price Index (CPI). The July 2025 inflation figure marks the fifth consecutive month of decline this year,…
The report by the Nigeria Bureau of Statistics, NBS says that there was a considerable reduction in the food inflation in Nigeria last month compared with what was recorded same time last year. According to the report released earlier in the week, the food inflation rate in June 2025 was 21.97 percent on a year-on-year…
The National Bureau of Statistics (NBS) said that Nigeria’s headline inflation rate edged up to 24.23 percent in March 2025. The NBS announced the increase in its consumer price index (CPI) for March on Tuesday. The new rate indicates an upward movement from the 23.18 percent reported in February. It also signals a return to…
One major thing that has dominated public discourse in Nigeria in the past nine months is the rise in food prices, even as the purchasing power of the citizenry continues to slide. So, when the National Bureau of Statistics, NBS released its findings for the last quarter, not many people were surprised about the rise…
