Nigeria’s headline inflation rate rose to 15.93 per cent in May 2026, according to the latest Consumer Price Index (CPI) report.
The National Bureau of Statistics (NBS) data showed that the Consumer Price Index (CPI) increased to 140.7 in May 2026, representing a 2.4-point rise from the previous month’s 138.3, indicating continued upward pressure on consumer prices across the economy.
According to the report, on a month-on-month basis, headline inflation stood at 1.75 per cent in May 2026. This represents a decline of 0.39 percentage points compared to April 2026, when the rate was 2.13 per cent.
Although the month-on-month inflation rate moderated, the annual inflation rate continued its upward trend, rising from 15.38 per cent in March to 15.69 per cent in April before reaching 15.93 per cent in May.
The latest record marks the third consecutive hike in 2026.
