Nigeria headline inflation falls to 15.91% in June 2026

Nigeria's headline inflation rate eased slightly to 15.91 percent in June 2026, marking a marginal decline from the 15.93 percent recorded in May, according to official data released on Wednesday, July 15. The National Bureau of Statistics reported that the annual rate of price increases has continued its downward trend from a high of 25.29 percent in June 2025, signaling a significant moderation in inflationary pressures over the past year.

The month-on-month headline inflation rate also slowed to 1.66 percent in June from 1.75 percent in May, indicating that while consumer prices are still rising, they are doing so at a slightly reduced pace. The bureau noted that the Consumer Price Index itself increased to 143.0 in June from 140.7 in May, reflecting a 2.3-point rise over the previous month.

Despite the overall slowdown, the report highlighted persistent pressures in the food sector. Food inflation accelerated on a monthly basis, rising to 3.75 percent in June from 2.98 percent in May. Officials attributed this increase to higher prices for staple items including fresh pepper, tomatoes, crayfish, beef, garri, and yam. On an annual basis, however, food inflation stood at 17.52...