On Air Now

Chat Station

10:00pm - Midnight

Nigeria's Inflation Drops to 15.91% in June

Nigeria's headline inflation rate eased to 15.91% in June 2026, down from 15.93% in May, according to the latest Consumer Price Index report released by the National Bureau of Statistics.

The NBS confirmed the figures on its official X page Wednesday, noting that the June rate was significantly lower than the 25.29% recorded in June 2025, reflecting continued moderation in headline price growth on a year-on-year basis.

According to the NBS, the headline inflation rate was 15.91%, down from 15.93% in May 2026 and stood at 25.29% in the same month of the preceding year.

On a month-on-month basis, the bureau said headline inflation stood at 1.66% in June, 0.09 percentage points lower than the 1.75% recorded in May.

While headline inflation eased, food prices moved in the opposite direction. The NBS said the food inflation rate stood at 17.52% year-on-year in June.

Month-on-month, the food inflation rate was 3.75% in June, up by 0.77 percentage points from 2.98% in May.

The bureau did not provide an immediate breakdown of the specific food categories or regional factors driving the month-on-month uptick.

The figures come as the government continues efforts to stabilize the naira and improve food supply chains nationwide.

Comments

Add a comment

Weather

  • Lagos Weather

    Heavy Rain

    High: 29°C | Low: 25°C