Nigeria’s headline inflation rate declined marginally to 15.91 per cent in June 2026 from 15.93 per cent recorded in May, according to the latest Consumer Price Index report released by the National Bureau of Statistics (NBS).
The report showed that while annual inflation continued its gradual decline, food prices increased at a faster monthly pace due to rising costs of fresh pepper, tomatoes, crayfish, beef, garri, yam and other staple foods.
On a month-on-month basis, headline inflation eased to 1.66 per cent in June from 1.75 per cent in May, indicating a slower increase in the general price level. The Consumer Price Index also rose to 143.0 in June from 140.7 recorded the previous month.
Food inflation stood at 17.52 per cent year-on-year but accelerated monthly to 3.75 per cent from 2.98 per cent in May. The NBS attributed the increase to higher prices of several essential food commodities.
Core inflation, which excludes volatile agricultural produce and energy prices, slowed to 1.66 per cent month-on-month from 1.94 per cent in May.
Among states, Niger recorded the highest annual inflation rate at 42.23 per cent, followed by Kogi and the Federal Capital Territory, while Imo posted the lowest rate, ahead of Ebonyi and Katsina.