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.
The 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, yam 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.
The report stated, “This means that in June 2026, the rate of increase in the average price level was lower than the rate of increase in the average price level in May 2026.”
The PUNCH observed that the current inflation rate marked its first decline after three consecutive monthly increases, from 15.06 per cent in February to 15.38 per cent in March, 15.69 per cent in April and 15.93 per cent in May.
