Nigeria’s headline inflation rate climbed to 15.93 per cent in May 2026, up from 15.69 per cent recorded in April, as ongoing price increases continued to affect household spending, data from the National Bureau of Statistics (NBS) showed.
In its latest Consumer Price Index (CPI) report released on Monday, the NBS said the index rose to 140.7, an increase of 2.4 points compared to the previous month.
The report identified food, transportation and restaurant services as the main factors behind rising prices across the country.
While month-on-month inflation slowed to 1.75 per cent in May from 2.13 per cent in April, the year-on-year rate showed a slight increase, pointing to continued pressure on consumers as the cost of living remains high in both urban and rural areas.
