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Food inflation fell to 16.96% year-on-year in May 2026, compared with 24.55 percent recorded in May 2025Adamawa, Kwara, Rivers saw the highest food inflation rates, while Borno, Taraba and Bayelsa recorded the lowest increasesData shows that month-on-month food inflation dropped to 2.98% in May 2026, versus 3.63% recorded in April 2026
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.
According to the most recent Consumer Price Index (CPI) report published by the National Bureau of Statistics (NBS), food inflation decreased in May 2026, with increases in food prices slowing down as compared to the preceding month.
The NBS stated that food inflation stood at 2.98% on a month-on-month basis in May 2026, which is a 0.65 percentage point decrease compared with 3.63% recorded in April 2026.
Adamawa, Kwara, and Rivers recorded the highest food inflation rates Photo:
