Nigeria’s headline inflation rate eased 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 on Wednesday.
Members of the organised private sector welcomed the slight decline in the inflation rate for June 2026 but warned that inflation remained in double digits and prices were still too high for businesses and consumers.
The NBS report showed that although the annual inflation rate continued its downward trend, food prices rose at a faster month-on-month pace, driven by increases in the prices of fresh pepper, tomatoes, crayfish, beef, garri, yams, and other staple food items.
According to the NBS, “In June 2026, the Headline inflation rate was 15.91 per cent, down from 15.93 per cent in May 2026 and stood at 25.29 per cent in the same month of the preceding year (June 2025). Looking at the movement, the June 2026 Headline inflation rate showed a decrease of 0.02 per cent compared to the May 2026 Headline inflation rate.”
The bureau also said the Consumer Price Index increased to 143.0 in June from 140.7 in May, reflecting a 2.3-point increase over the previous month. On a month-on-month basis, headline inflation slowed to 1.66 per cent in June from 1.75 per cent in May.
