Nigeria’s inflation rate rose to 15.93 per cent in May 2026.
This marked the third consecutive monthly increase in the annual inflation rate as food prices continued to pressure household budgets despite a slowdown in the pace of monthly price increases.
The latest Consumer Price Index report released by the National Bureau of Statistics on Monday showed that inflation increased from 15.69 per cent in April to 15.93 per cent in May, extending a rebound that began in March after inflation fell slightly to 15.06 per cent in February.
The report showed that the Consumer Price Index increased to 140.7 in May from 138.3 in April, representing a 2.4-point increase in the general price level.
According to the NBS, “In May 2026, the Headline inflation rate on a month-on-month basis was 1.75 per cent, which was 0.39 per cent lower than the rate recorded in April 2026 (2.13 per cent).
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