The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate rises to 15.93 percent in May 2026.
The NBS announced the increase in its consumer price index (CPI) report on Monday.
The latest record marks the third consecutive increase in 2026.
“On a year-on-year basis, the Headline inflation rate rose to 15.93%, up from 15.69% in April 2026 and down from 26.06% in the same month of the preceding year (May 2025),” NBS said.
“Looking at the movement, the May 2026 Headline inflation rate showed an increase of 0.24% compared to the April 2026 Headline inflation rate.
“In May 2026, the headline inflation rate on a month-on-month basis was 1.75%, which was 0.39% lower than the rate recorded in April 2026 (2.13%).
“This means that in May 2026, the rate of increase in the average price level was lower than the rate
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