Nigeria’s headline inflation rate declined marginally to 15.91 percent in June 2026, down from 15.93 percent recorded in May, according to the National Bureau of Statistics (NBS).
The latest Consumer Price Index (CPI) report released on Wednesday shows a slight slowdown in the overall rate of price increases, driven largely by a drop in core inflation, which fell to 15.92 percent from 16.82 percent in May.
Despite the easing headline figure, food inflation continued to rise, increasing to 17.52 percent in June from 16.96 percent in the previous month. The NBS attributed the increase to higher prices of key food items, including crayfish, fresh pepper, tomatoes, yam flour, beef, cassava products, and potatoes.
On a month-on-month basis, inflation slowed to 1.66 percent in June, compared to 1.75 percent in May, indicating a reduced pace in price increases.
Year-on-year, inflation remains significantly lower than the 25.29 percent recorded in June 2025, reflecting a broader moderation trend over the past year.
Food inflation showed notable regional variations. On a year-on-year basis, Kogi, Niger, and Benue states recorded the highest increases, while Katsina, Rivers, and Imo posted the slowest rise.
However, on a month-on-month basis, Katsina, Kebbi, and Niger recorded the sharpest increases in food prices, while Borno, Benue, and Bayelsa saw declines.
The data highlights a mixed inflation outlook, with overall price pressures easing slightly but food costs continuing to strain household budgets.
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