Nigeria’s food inflation rate was 19.57% year-on-year (YoY) as of August 2026, down from a huge jump in the previous month.
The consumer price index (CPI) data from the National Bureau of Statistics showed that headline inflation dropped marginally to 15.39% from 15.43% in July.
The News Chronicle reports that while monthly food inflation declined to 1.02% in August from 5.56% in the same period last year, the average price of several commodities such as palm oil, pepper, onion, yam flour, beef, fresh fish, potatoes and poultry remained high.
READ ALSO: Messi Named In Argentina Squad For Farewell Friendly
Although the headline inflation rate grew at a slower pace, Nigerians are still spending more on food items compared to the previous year.
The core inflation rate also decreased to 13.29% YoY while its monthly rate was at negative 0.06%.
Food inflation was highest in Adamawa at 38.85% followed by Zamfara and Bayelsa with 37.96% and 36.20% respectively.
Agricultural imports also hit N1.2 trillion in the second quarter of 2026, rising 45.43% from the first quarter.
 data from the National Bureau of Statistics showed that headline inflation dropped marginally to 15.39% from 15.43% in July.....){kind=link}