Nigeria's Food Inflation Drops to 19.57% in August 2026

In August 2026, Nigeria's food inflation rate fell to 19.57% year-on-year, a decrease from 25.30% in August 2025, as reported by the National Bureau of Statistics (NBS). Month-on-month, food inflation was recorded at 1.02%, down from 5.56% in July 2026.

The NBS attributed this decline to reduced prices of several food items, including palm oil, carrots, and fresh fish. The average annual food inflation for the 12 months ending August 2026 was 15.70%, a significant drop from 29.86% in the same period of 2025.

Adamawa had the highest annual food inflation rate at 38.85%, followed by Zamfara at 37.96%. Conversely, Borno recorded the lowest at -4.04%.

Other states with low inflation rates included Jigawa (-0.23%) and Kebbi (3.47%). On a month-to-month basis, Katsina had the highest inflation rate at 9.48%, while Taraba experienced the sharpest decline at -12.42%.