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 16.96 percent in May 2026 due to the rate of change in the average prices of crayfish, pepper (fresh), tomatoes (fresh), green peas (dried), fresh pepper, yam flour (sold loose), water yam, beef, banana, cassava flour, cow pea, garri, irish potatoes, yam tuber, etc.
The NBS disclosed these in its latest Consumer Price Index, CPI, report.
