Nigeria's Inflation Up 15.93 Percent Amid High Food Prices
Food inflation climbed to 16.96% and drove the third straight monthly rise, while month-on-month inflation eased to 1.75%, the NBS said.
- On Monday, the National Bureau of Statistics reported Nigeria's headline inflation rose to 15.93 percent in May 2026, marking the third consecutive monthly increase this year.
- Food remains the primary driver of household spending for Nigerians, with food inflation rising to 16.96 percent in May from 16.68 percent in April, according to the NBS.
- While annual figures climbed, the monthly food inflation rate slowed to 2.98 percent from 3.63 percent recorded in April, though Bauchi recorded the highest monthly rate at 7.73 percent.
- The Central Bank of Nigeria retained the country's interest rate at 26.50 percent during its 305th Monetary Policy meeting to manage ongoing economic pressures.
- Headline inflation on a month-on-month basis slowed to 1.75 percent in May from 2.13 percent in April, suggesting the rate of price increases has moderated despite the upward annual trend.
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Prices of Maize, onion, tomatoes, others push inflation to...
Nigeria’s headline inflation figure recorded a marginal increase of 0.24 percent to record 15.93 percent in the month of May. According to a report by the National Bureau of Statistics (NBS), the inflation figure was 15.69 percent in April. It noted that when compared with the figure for May 2025, there was a reduction of 10.13 per cent from the 26.06 per cent recorded. Daily Trust reports the 15.93 per cent recorded was the highest compared to …
Vanguard News
Naija News - Nigeria NewsNigeria’s inflation rises to 15.93% in May
By Progress Godfrey ABUJA — Nigeria’s headline inflation rose to 15.93 per cent in May 2026, up from 15.69 per cent in April, as persistent price pressures continued to impact household spending, according to the National Bureau of Statistics (NBS). The latest Consumer Price Index (CPI) report released on Monday showed that the index climbed to 140.7, representing an increase of 2.4 points from the previous month. The report indicated that food,…
BREAKING: Nigeria's inflation rate rises for third consecutive month
Nigeria’s inflation rose for the third consecutive month to 15.93 percent in May 2026 from 15.69 percent recorded in April.The National Bureau of Statistics disclosed this in its Consumer Price Index and inflation data released on Monday. This means that in May, the country’s inflation rose on a month-on-month basis by 1.75 percent. Also, the report showed that food inflation also skyrocketed to 16.96 percent in May, up from 16.06 percent record…
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