Nigeria’s headline inflation slowed to 15.91 percent in June 2026, its first time in five months signaling monetary authorities may hold key interest rates even as global energy volatility continues to dampen local prices.
This new data aligns with BusinessDay’s forecast where inflation was projected to ease to 15.9 percent.
According to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics, this is a 2 basis point drop from 15.93 percent in May 2026, compared 25.29 percent in the same month of the preceding year (June 2025).
On a month-on-month basis, the headline inflation rate in June 2026 was 1.66 percent, which was 0.09 percent lower than the rate recorded in May 2026 (1.75 percent).
Despite a moderation in headline prices, food inflation rate in June 2026 rose 56 basis points to 17.52 percent on a year-on-year basis. Related News BusinessDay confab: FG rolls out housing reforms, orders 40% NHF mortgage disbursement Why a global banking giant is defying South Africa’s foreign bank exit Nigeria kicks off solar exports to Ghana, eyes 3.7GW manufacturing capacity by 2027
