Nigeria’s headline inflation eased to 15.43% in July 2026 from 15.91% a month earlier, while the country’s monetary authorities kept the benchmark interest rate unchanged at 26.50%.
Inflation continues to moderate
The National Bureau of Statistics reported the July figures in its Consumer Price Index and inflation release issued on Monday. The data confirmed that headline inflation declined from the June reading to 15.43% in July.
- Headline inflation: 15.43% in July 2026, compared with 15.91% in June.
- Monthly headline inflation: 1.57% in July.
- Monthly food inflation: 5.56% in July.
Food prices and monetary policy
The statistical agency said food inflation measured 5.56% on a month-to-month basis during July. It also stated that the monthly headline rate was 1.57% for the same period.
The Central Bank of Nigeria’s Monetary Policy Committee left the policy rate at 26.50% at its July meeting, maintaining the country’s existing interest-rate setting as inflation moderated.
