Nigeria’s headline inflation rate rose to 15.93 per cent in May 2026, up from 15.69 per cent recorded in April, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS).
The latest figures show that inflationary pressures remain persistent across the economy, despite recent monetary measures aimed at stabilising prices.
Data released by the NBS indicated that the Consumer Price Index, which measures changes in the prices of goods and services, increased to 140.7 points in May from 138.3 points recorded in April.
The 2.4-point increase suggests that households continued to face rising costs for essential goods and services.
The increase in inflation reflects sustained pressure on consumer spending, with food prices, transportation costs and other key expenses remaining elevated in many parts of the country.
Analysts say the latest figures could influence future monetary policy decisions by the Central Bank of Nigeria, which has maintained a tight stance in an effort to curb inflation and stabilise the naira.
The May inflation data comes amid ongoing economic reforms, including the removal of fuel subsidies and exchange rate adjustments, which have continued to affect the cost of living for many Nigerians.
Further details from the NBS report are expected to provide a breakdown of food inflation, core inflation and price movements across different regions of the country.
