The National Bureau of Statistics (NBS) says Nigeria’s
headline inflation rate was 15.91 percent in June 2026 — down slightly from
15.93 percent May.
The rate marks the first drop in three months.
In its consumer price index (CPI) report on Wednesday, the
NBS said the June 2026 “headline inflation rate showed a decrease of 0.02%
compared to the May 2026 headline inflation rate”.
“On a month-on-month basis, the headline inflation rate in
June 2026 was 1.66%, which was 0.09% lower than the rate recorded in May 2026
(1.75%),” NBS said.
“This means that in June 2026, the rate of increase in the
average price level was lower than the rate of increase in the average price
level in May 2026.”
FOOD INFLATION RATE ROSE TO 17.52%
The statistics agency said food inflation rate in June 2026
was 17.52 percent on a year-on-year basis — up from 16.96 percent in May.
The bureau also said the rate is lower compared to the 25.41
percent recorded in the same month of the preceding year.
“On a month-on-month basis, the Food inflation rate in June
2026 was 3.75%, up by 0.77% points
from May 2026 (2.98%),” the NBS said.
“This can be attributed to the rate of change in the average
prices of the following products: Crayfish, Pepper (Fresh), Tomatoes (Fresh),
Green Peas (dried), Fresh Pepper, Yam Flour (Sold loose), Water Yam, Beef,
Banana, Cassava Flour, Cow Pea, Garri, Irish Potatoes, Yam Tuber, etc.”
The report said food inflation, on a year-on-year basis, was
highest in Kogi (53.02 percent), Niger (43.83 percent), and Benue (40.83
percent), while Katsina (19.15 percent), Rivers (23.81 percent) and Imo (24.60
percent) recorded the slowest rise.
On a month-on-month basis, however, the statistics firm said
food inflation was highest in Katsina (16.83 percent), Kebbi (9.79 percent) and
Niger (8.96 percent).
The NBS said Borno (3.54 percent), Benue (-2.36 percent),
and Bayelsa (-1.34 percent) recorded the slowest rise in food inflation on a
month-on-month basis.
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