Nigeria’s inflation slows to 15.91% ahead of key rate decision

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Nigeria’s headline inflation slowed to 15.91 percent in June 2026, its first time in three months, according to the National Bureau of Statistics (NBS).

The Consumer Price Index (CPI) disclosed that this is a drop from 15.93 percent in May 2026 and stood at 25.29 percent in the same month of the preceding year (June 2025).

On a month-on-month basis, the Headline inflation rate in June 2026 was 1.66 percent, which was 0.09 percent lower than the rate recorded in May 2026 (1.75 percent).

The Food inflation rate in June 2026 was 17.52 percent on a year-on-year basis. On a month-on-month basis, the Food inflation rate in June 2026 was 3.75 percent, up by 0.77 percentage points from May 2026 (2.98 percent).

Chinwe Michael

Chinwe Michael is a financial inclusion advocate and economy journalist who uses compelling storytelling to drive awareness. With a background in Banking and Finance and experience across accounting, media, and education, she applies sharp analysis and attention to detail to every piece. She simplifies complex financial and economy concepts into engaging content for Africa and global audience. Chinwe also doubles as a speaker with global recognition for her expertise.