Nigeria’s food inflation eased to 19.57% year-over-year in August 2026, down from 20.31% in July 2026, according to data updated on 15 September 2026. The reading, based on a comparison with the same month a year earlier, signals a modest but notable cooling in price pressures in the country’s food sector.
The latest figure marks a continued slowdown after July’s year-over-year rate, suggesting some relief for consumers who have been squeezed by persistently high food costs. Under the comparison methodology, the August 2026 indicator reflects how food prices changed versus August 2025, while the July reading captured the change against July 2025.
Although food inflation remains elevated on an annual basis, the decline from 20.31% to 19.57% indicates a gradual easing of cost increases. Market participants and policymakers are likely to watch upcoming releases closely to determine whether this downward trend in Nigeria’s food inflation can be sustained in the coming months.