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The NBS has released the latest inflation report for May 2026, and Nigeria’s headline inflation and food inflation roseYobe, Anambra, and Sokoto recorded the highest overall inflation rates, while Adamawa, Kwara, and Rivers led food inflation Nigerian households continue to face sustained cost-of-living pressure despite a slowdown in monthly inflation
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Nigeria’s headline inflation rate rose to 15.93% year-on-year in May 2026, up from 15.69% in April, according to the latest data released by the National Bureau of Statistics (NBS).
The report showed that the Consumer Price Index (CPI) increased to 140.7 in May 2026, representing a 2.4-point rise from 138.3 recorded in April.
Cost of living pressure persists as Nigeria’s inflation edges higher Photo: NBSSource: Getty Images
This reflects continued upward pressure on prices across the economy, despite a
