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17.08.202612:00:00UTC+00Nigeria’s Inflation Cools in July as CPI Eases to 15.43% Year-on-Year

Nigeria’s consumer price inflation softened in July 2026, with the year-on-year Consumer Price Index (CPI) easing to 15.43%, down from 15.91% in June 2026. The latest figures, updated on 17 August 2026, indicate a moderation in price pressures compared with the same month a year earlier.

The data are measured on a year-over-year basis, meaning July’s 15.43% reading reflects how much prices have increased compared with July of the previous year, while June’s 15.91% figure captured the change versus June a year earlier. The slight pullback suggests a tentative easing in inflation momentum, offering some relief after a period of elevated price growth.

Analysts will be watching upcoming releases closely to determine whether July’s decline marks the start of a more durable disinflation trend or a temporary pause in Nigeria’s broader inflationary cycle.

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