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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NigeriaNigeria CPI YoY fell to 15.43% in July 2026
FMPMonthlyReleased August 2026
Nigeria CPI YoY fell to 15.43% in July 2026, released August 2026, down 0.48% from June's 15.91% reading.
Latest Release
15.430000
Actual
—
Consensus
15.910000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI YoY (Nigeria) was reported at 15.43% in August 2026. The reading fell from the previous value of 15.91%. Trailing 12-month context per ETL data through August 2026.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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CPI YoY - NG
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About CPI YoY — Nigeria
DEFINITION
Nigeria's CPI YoY for July came in at 15.430000%, down from June's 15.910000%, signaling a deceleration in inflation. This marks a continued easing from June to July, reflecting slower price increases across the economy. Market participants will watch upcoming data for confirmation amid ongoing monetary policy considerations. Updated 8/17/26
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 15.43 %. Prior reading (May 2026): 15.93 %. Before that (May 2026): 15.93 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.
Σ
EXPECTED ZONE
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