Nigeria’s headline inflation rate dropped marginally to 15.91 per cent in June 2026, according to the latest report released by the National Bureau of Statistics (NBS).
The figure represents a 0.02 percentage point decline from the 15.93 per cent recorded in May 2026, indicating a slight moderation in the country’s inflationary pressure.
The NBS stated that June’s inflation rate was significantly lower than the 25.29 per cent recorded in June 2025, reflecting a substantial decline in the year-on-year comparison.
“The month-on-month headline inflation rate in June 2026 was 1.66 per cent, which was 0.09 per cent lower than the rate recorded in May 2026 (1.75 per cent),” the report stated.
At the divisional level, the statistics agency identified Food and Non-alcoholic Beverages as the highest contributor to headline inflation at 6.37 per cent, followed by Restaurants and Accommodation Services at 2.06 per cent and Transport at 1.70 per cent.
The least contributors to headline inflation during the period were Recreation, Sport and Culture at 0.05 per cent, Alcoholic Beverages, Tobacco and Narcotics at 0.06 per cent, and Insurance and Financial Services at 0.07 per cent.
On food inflation, the NBS reported that the rate stood at 17.52 per cent on a year-on-year basis in June 2026, lower than the 25.41 per cent recorded in June 2025.
However, on a month-on-month basis, food inflation increased to 3.75 per cent in June 2026, rising by 0.77 percentage points from the 2.98 per cent recorded in May 2026.
The bureau attributed the increase in food prices to changes in the average prices of several food items, including crayfish, fresh pepper, tomatoes, dried green peas, yam flour sold loose, water yam, beef, banana, cassava flour, cowpea, garri, Irish potatoes and yam tubers, among others.
The NBS further disclosed that core inflation, which excludes volatile agricultural produce and energy prices, stood at 15.92 per cent in June 2026 on a year-on-year basis.
According to the report, the core inflation figure represented a decline of 9.49 percentage points compared with the 25.41 per cent recorded in June 2025.
“On a month-on-month basis, the Core Inflation rate was 1.66 per cent in June 2026, down by 0.28 per cent compared to May 2026 (1.94 per cent),” the NBS stated.
The bureau added that the percentage change in the average Consumer Price Index (CPI) for the 12 months ending June 2026, compared with the average for the previous 12-month period, stood at 18.82 per cent.
It noted that the figure was 8.05 percentage points lower than the 26.88 per cent recorded in June 2025, indicating a continued easing in the country’s inflation trend.
