Home EconomyNigeria’s inflation rate falls slightly to 15.91% in June

Nigeria’s inflation rate falls slightly to 15.91% in June

by Tobi Benson
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NIGERIA’S headline inflation rate declined marginally to 15.91% in June 2026, compared with 15.93% recorded in May 2026, according to the latest figures released by the National Bureau of Statistics (NBS).

The new data marks the first easing in inflation in three months, signaling a slight slowdown in the pace of rising consumer prices.

In its Consumer Price Index (CPI) report published today, the NBS stated that the June inflation figure represented a 0.02 percentage point decrease from the rate recorded in May.

The bureau also noted that, on a month-on-month basis, inflation stood at 1.66% in June, down from 1.75% in May, indicating a 0.09 percentage point decline.

The development suggests that price pressures may be moderating gradually, although inflation remains elevated across several sectors of the economy.

Further details from the NBS report are expected to provide a clearer picture of the factors driving the latest inflation trend.

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