NBS to release July 2026 inflation report today amid high price perception

The National Bureau of Statistics (NBS) will announce Nigeria's Consumer Price Index and inflation figure for July 2026 today, August 17, 2026. The release includes the headline inflation rate and food inflation data. According to the Central Bank of Nigeria's recent Inflation Expectation Survey, the Inflation Perception Index stood at 40.0 points in July, indicating respondents generally perceived current prices of goods and services to be high. This follows June's headline inflation drop to 15.91 percent, with food inflation at 17.52 percent. DAILY POST reports that major drivers of inflation in Nigeria include energy prices such as petrol, cooking gas, diesel and electricity, as well as the exchange rate, interest rates, transportation costs and insecurity.

Understanding July's inflation trend is essential for households and businesses as it directly affects purchasing power, cost of living and monetary policy decisions. A continued decline could signal easing pressure on budgets and potentially influence the CBN's interest rate stance, while a rise would renew concerns about affordability and may prompt tighter monetary policy. Knowing the direction helps Nigerians plan expenses, adjust savings strategies and anticipate changes in loan or financing costs.

If July inflation shows another decline, will you adjust your spending habits or expect further rate cuts? If it rises, how will you protect your budget against higher prices?

SOURCE: https://dailypost.ng/2026/08/17/nigeria-set-to-release-inflation-report-for-july/