Economy

Inflation, interest rates, growth and the policy decisions behind them.

Key economic figures

Official figures from the NBS and CBN, with the date each was published.

Headline inflation

August 2026, year on year

15.39%

Down from 15.43% in July 2026

Source: National Bureau of Statistics, released 15 September 2026

Food inflation

August 2026, year on year

19.57%

Down from 25.30% in August 2025

Source: National Bureau of Statistics, released 15 September 2026

Monetary Policy Rate

Retained at the July 2026 MPC meeting

26.50%

The MPC meets on 21 and 22 September 2026

Source: Central Bank of Nigeria, released 21 July 2026

Real GDP growth

Q2 2026, year on year

4.43%

Up from 3.89% in Q1 2026

Source: National Bureau of Statistics, released 31 August 2026