Nigeria set to release inflation report for July

Nigeria will release its inflation figure for July 2026 this Monday.

DAILY POST reports that the National Bureau of Statistics, NBS, will announce its Consumer Price Index, CPI and inflation report for July.

The Central Bank of Nigeria’s, CBN Inflation Expectation Survey, released recently, showed that the Inflation Perception Index stood at 40 points in July, meaning that respondents generally perceived current prices of goods and services to be high. “The Inflation Perception Index stood at 40.0 points in July 2026, indicating that respondents generally perceived current prices of goods and services to be high,” the CBN survey stated.

Recall that Nigeria recorded its first drop in headline inflation to 15.91 percent in June, while food inflation stood at 17.52 percent, according to an NBS report.

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.