Inflation

The Central Bank of Nigeria (CBN) and the Federal Ministry of Finance have formalised a framework for fiscal and monetary policy coordination, seeking to strengthen macroeconomic management and improve policy coherence.

Nigeria’s inflation picture changed more significantly in August than the headline figure of 15.39 percent suggests, with monthly price growth slowing sharply, core inflation turning negative and food inflation reversing the steep acceleration recorded in July.

The August figure represents a marginal decline of 0.04 percentage points from the 15.43 percent recorded in July. It also marks a significant improvement over the 23.14 percent recorded in August 2025, representing a 7.75 percentage-point decline over the 12-month period.

Nigeria’s headline inflation rate eased further in July, falling to 15.43 percent from 15.91 percent in June, reinforcing the recent moderation in the pace of price increases. But beneath the headline improvement, the latest Consumer Price Index (CPI) report presents a more complicated picture for households and businesses.

Nigeria’s headline inflation fell to 15.43% in July, but food inflation climbed to 20.31%. Food inflation reached its highest level since September 2025, rising from 17.52% in June. Food inflation has risen every month since January, reversing the...

Nigeria’s headline inflation fell to 15.43 Percent in July from 15.91 percent in June, while monthly inflation also eased to 1.57 Percent. Food inflation, however, accelerated sharply to 5.56 percent month-on-month from 3.75 percent in June, driven by...

Standard Chartered expects the CBN to cut interest rates by only 150 basis points in 2026. The bank now forecasts the Monetary Policy Rate (MPR) will end 2026 at 25 percent, citing persistent inflation. Inflation is now projected...

July 2 (THEWILL) — Food prices across major Lagos markets posted mixed movements in June, with higher prices for fresh produce offset by declines in several household staples as supply conditions gradually improved. The latest Nairametrics Food Price Watch, which...

June 15, (THEWILL) — Nigeria’s headline inflation rate rose to 15.93 percent year-on-year in May 2026, up from 15.69 percent recorded in April, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics...

May 25 (THEWILL) — The story of inflation in Nigeria is not written in central bank communiqués or quarterly GDP reports. It is written in the cost of a pot of jollof rice. SBM Intelligence has tracked the price...