Nigeria’s headline inflation rate edged lower to 15.91% in June 2026, compared to 15.93% recorded in May, according to the latest Consumer Price Index (CPI) report.
The June inflation rate was significantly lower than the 25.29% recorded in June 2025, reflecting a continued moderation in headline price growth on a year-on-year basis.
On a month-on-month basis, headline inflation slowed to 1.66% in June, down from 1.75% in May, indicating a slower pace of price increases compared to the previous month.
However, food inflation remained elevated, rising to 17.52% year-on-year in June. On a monthly basis, food inflation accelerated to 3.75%, up from 2.98% in May, suggesting renewed pressure on food prices despite the slight moderation in overall inflation.
