Nigeria's Headline Inflation Edges Down to 15.91% in June
Nigeria’s annual headline inflation rate declined slightly to 15.91% in June 2026, from 15.93% in May, according to the National Bureau of Statistics.
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Nigeria’s annual headline inflation rate declined marginally to 15.91% in June 2026, down from 15.93% in May, according to data released by the National Bureau of Statistics (NBS). The 0.02 percentage point drop marks a continued cooling trend in price pressures, albeit at a slow pace.
The June 2026 inflation figure represents a significant year-on-year decline compared to the 25.29% recorded in the same month of 2025. This indicates a marked deceleration in the rate of price increases over the past 12 months. The month-on-month inflation rate for June was not fully disclosed in the preliminary release, though both Vanguard News and Daily Trust cited the NBS as the source for the headline data.
The National Bureau of Statistics attributed the slight decline to moderating food and core inflation components, though detailed sectoral breakdowns were not included in the initial report. Persistent inflation has remained a key challenge for Nigeria’s economy, influencing monetary policy decisions by the Central Bank of Nigeria (CBN) and impacting household purchasing power.
The slight improvement may offer modest relief to policymakers, but with inflation still well above the CBN’s target band, expectations for further monetary tightening remain elevated. Market analysts await the full NBS report for insights into regional and sectoral price movements, as well as implications for Q2 2026 GDP growth.