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Macroeconomy
Food inflation still rising despite drop in headline rate
Vanguard
Jul 16, 2026 · 06:57 WAT
The National Bureau of Statistics reported that Nigeria's headline inflation rate decreased slightly by 0.02 percentage points to 15.91 percent in June 2026, down from 15.93 percent in May. Despite this marginal drop in the headline rate, food inflation continued its upward trajectory.