The National Bureau of Statistics, NBS, says Nigeria’s headline inflation rate falls slightly to 15.39 per cent in August from 15.43 per cent in July.
It added that the CPI rises to 146.3 points in August, representing a 1.0-point increase from 145.3 points recorded in July.
According to the report, the three largest contributors to headline inflation on a year-on-year basis were food and non-alcoholic beverages at 6.16 per cent, restaurants and accommodation services at 1.99 per cent, and transport at 1.64 per cent.
The least contributors were recreation, sports and culture at 0.05 per cent; alcoholic beverages, tobacco and narcotics at 0.06 per cent; and insurance and financial services at 0.07 per cent.
The NBS said food inflation stood at 19.57 per cent year-on-year in August, down from 25.30 per cent recorded in August 2025. On a month-on-month basis, food inflation fell to 1.02 per cent in August from 5.56 per cent in July.
The bureau attributed the decline to changes in the average prices of commodities including palm oil, carrots, pepper, onions, cassava flour, beef, yam flour, water yam, melon, fresh ginger, fresh fish, Irish potatoes, wheat grain, frozen chicken and turkey.
The report said core inflation, which excludes farm produce and energy prices, stood at 13.29 per cent year-on-year in August, compared with 22.93 per cent in August 2025.
On a month-on-month basis, core inflation stood at -0.06 per cent in August, compared with 0.15 per cent in July.
The report also showed that energy inflation stood at -0.36 per cent in August, compared with -2.39 per cent in July. Farm produce inflation fell to 1.35 per cent from 4.66 per cent, while services inflation declined to 0.12 per cent from 0.49 per cent.
Also Read: NGX All-Share Index climbs 2.36% as investors gain N3.73tn
Goods inflation stood at 0.45 per cent, down from 1.70 per cent in July, while imported food inflation fell to 0.91 per cent from 1.19 per cent.
On a year-on-year basis, urban inflation stood at 15.88 per cent in August, while rural inflation was 14.23 per cent.
Month-on-month urban inflation declined to 0.28 per cent from 1.90 per cent in July, while rural inflation rose to 1.79 per cent from 0.78 per cent.
The NBS said Lagos recorded the highest year-on-year headline inflation rate in August at 23.68 per cent, followed by Zamfara at 22.56 per cent and Enugu at 22.06 per cent.
Sokoto recorded the lowest year-on-year headline inflation rate at 2.11 per cent, followed by Kebbi at 3.72 per cent and Jigawa at 3.81 per cent.
On a month-on-month basis, Rivers recorded the highest headline inflation rate at 6.92 per cent, followed by Osun at 5.61 per cent and Kano at 5.59 per cent.
The report said Anambra recorded an 8.83 per cent decline in month-on-month inflation, while Bauchi and Borno recorded declines of 7.13 per cent and 7.09 per cent, respectively.
For food inflation, Adamawa recorded the highest year-on-year rate at 38.85 per cent, followed by Zamfara at 37.96 per cent and Bayelsa at 36.20 per cent.
Borno recorded the lowest year-on-year food inflation rate at -4.04 per cent, followed by Jigawa at -0.23 per cent and Kebbi at 3.47 per cent.
On a month-on-month basis, food inflation was highest in Katsina at 9.48 per cent, followed by Rivers at 8.86 per cent and Osun at 8.32 per cent.
Taraba recorded the largest decline in month-on-month food inflation at -12.42 per cent, followed by Borno at -12.15 per cent and Bauchi at -8.88 per cent.
NAN
