Nigeria’s headline inflation rate eased slightly to 15.91 percent in June 2026 from 15.93 percent recorded in May, according to the latest Consumer Price Index released by the National Bureau of Statistics. The latest figure also represents a sharp improvement from the 25.29 percent recorded in June 2025, pointing to a continued slowdown in overall price growth.
Though headline inflation had a small drop, The News Chronicle reports that food prices still worried families greatly. Food prices surged yearly by 17.52 percent and monthly by 3.75 percent from 2.98% in May, therefore demonstrating that basic food prices keep going up.
READ MORE: Fuel Prices Rise as Dangote Dollar Sales Push Costs Higher for Marketers
The survey also revealed that core inflation dropped to 15.92 percent and monthly headline inflation slowed to 1.66 percent, therefore implying that inflation across the whole economy is slowing. The highest food inflation rates were found in Kogi, Niger, and Benue; Katsina, Rivers, and Imo had the lowest yearly rise.
Though ongoing food inflation is a problem for consumers and the nation’s cost of living, the most recent statistics are likely to support the Central Bank’s restrained monetary policy stance.
