ABUJA, Nigeria — Nigeria’s headline inflation rate rose to 15.93% in May 2026, according to the latest Consumer Price Index report released by the National Bureau of Statistics (NBS). The figure represents an increase from the 15.69% recorded in April 2026.
The NBS reported that the Consumer Price Index increased to 140.7 in May from 138.3 in the previous month, reflecting continued upward pressure on consumer prices across the economy.
Okay News reports that inflation on a month-on-month basis stood at 1.75% in May 2026. This was lower than the 2.13% recorded in April, indicating that while prices continued to rise, the pace of monthly increases slowed during the review period.
The latest data suggests that inflationary pressures remain present despite the moderation in monthly price growth. The increase in the annual inflation rate marks the first uptick after recent months of relative easing.
The NBS said the headline inflation rate measures the average change in the prices of goods and services consumed by households. Further details from the agency are expected in the full inflation report.
