Nigeria's Inflation Records First Drop in Three Months Ahead of CBN Interest Rate Decision
Food inflation rose 3.75% month on month as staple prices kept pressure on households, the National Bureau of Statistics said.
- On Wednesday, The National Bureau released the Consumer Price Index, reporting Nigeria's headline inflation rate eased to 15.91 per cent in June from 15.93 per cent in May.
- Nigeria continues to navigate ongoing economic reforms, including exchange rate adjustments and higher energy and transportation costs, which have elevated consumer prices over the past two years.
- While overall Inflation moderated, Food prices continued to exert pressure on household budgets, with monthly Food inflation accelerating to 3.75 per cent from 2.98 per cent.
- Inflation varied widely across states, with Niger recording the highest annual all-items rate at 42.23 per cent, while Imo recorded the lowest at 19.47 per cent.
- Core Inflation, which excludes volatile agricultural produce and energy, stood at 15.92 per cent year-on-year in June, while the average headline Inflation rate for the 12 months ending June 2026 stood at 17.63 per cent.
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Food inflation still rising despite drop in headline rate
By Elizabeth Adegbesan The National Bureau of Statistics, NBS, yesterday said headline inflation rate slowed Month-on-Month (MoM) by 0.02 percentage point to 15.91 percent in June 2026 from 15.93 percent in May. The decline is coming after a three consecutive months rise in headline inflation rate since March 2026. However, despite the moderation in inflation rate, the food index increased by 0.56 percentage points to 17.52 percent in June from …
Nigeria's inflation records first drop in three months ahead of CBN interest rate decision
Nigeria’s headline inflation dropped in June 2026 for the first time since February as the Central Bank of Nigeria, CBN, plans to make a decision on the country’s interest rate on July 21. The National Bureau of Statistics, in its Consumer Price Index and inflation data released on Wednesday, said Nigeria’s headline inflation declined to 15.91 […] Nigeria’s inflation records first drop in three months ahead of CBN interest rate decision
Nigeria’s inflation eases to 15.91% in June amid rising food prices
According to the statistics office, Nigeria’s headline inflation declined slightly in June, but food prices continued to increase, reflecting persistent pressure on household spending despite easing overall inflation
Inflation drops to 15.91% – NBS
Nigeria’s headline inflation dropped marginally to 15.91% in June. A report by the National Bureau of Statistics (NBS) stated that the figure was a 0.2 percent reduction from the 15.93% recorded in May. It stated that June’s figure was lower than the 25.29% recorded June 2025. “The month-on-month headline inflation rate in June 2026 was 1.66%, which was 0.09% lower than the rate recorded in May 2026 (1.75%).” Oyo abduction: Senate donates N50m …
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