Nigeria’s inflation rate drops slightly as food prices surge
Nigeria’s headline inflation rate has eased marginally, according to the National Bureau of Statistics. Despite the overall decline, food prices have continued to rise, with items like fresh pepper, tomatoes, and garri seeing notable increases. The report highlights that food and non-alcoholic beverages remain the largest contributors to inflation. Various states experienced differing inflation rates, with some recording significantly higher figures than others.
TLDR
- The headline inflation rate dropped to 15.91 per cent in June 2026 from 15.93 per cent in May 2026, according to the National Bureau of Statistics.
- Food inflation stood at 17.52 per cent year-on-year in June 2026, compared with 25.41 per cent in June 2025.
- The Consumer Price Index rose to 143.0 in June 2026 from 140.7 in May 2026, reflecting a 2.3-point increase.
- Niger recorded the highest annual all-items inflation rate at 42.23 per cent, while Imo had the lowest at 19.47 per cent.
- Kogi posted the highest year-on-year food inflation rate at 53.02 per cent, while Katsina recorded the lowest at 19.15 per cent.
