By Kazeem Ugbodaga
Nigeria’s headline inflation rate rose to 15.93 per cent in May 2026, marking a slight increase from the 15.69 per cent recorded in April, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Monday.
The report showed that the inflation rate increased by 0.24 percentage points on a year-on-year basis, indicating that prices of goods and services remained on an upward trajectory despite signs of moderation in monthly price movements.
Related News
However, on a month-on-month basis, inflation eased to 1.75 per cent in May from 2.13 per cent in April, representing a decline of 0.39 percentage points.
The NBS said the development suggested that while consumer prices continued to rise during the month, the pace of increase was slower compared to the previous month.
The bureau noted that the moderation in monthly inflation points to a gradual easing
This post was originally published on this site.
