Nigeria's headline inflation continued its upward trend in 2026, rising for the third consecutive month. According to the National Bureau of Statistics (NBS), the inflation rate increased from 15.69 percent in April 2026 to 15.93 percent in May 2026.
Monthly Inflation Drops
However, on a month-on-month basis, the headline inflation rate in May 2026 dropped to 1.75 percent. This represents a decrease of 0.39 percent compared to the 2.13 percent recorded in April 2026.
Year-on-Year Comparison
On a year-on-year basis, the headline inflation rate stood at 15.93 percent in May 2026. This is higher than the 15.69 percent recorded in April 2026 but significantly lower than the 26.06 percent recorded in May 2025.
The NBS released the May 2026 Consumer Price Index (CPI) report on Monday, highlighting the sustained rise in inflation for the third month running in 2026.
