Nigeria's Inflation Eases Slightly to 15.91% in June Amid Persistent Food and Energy Pressures
Nigeria’s headline inflation rate declined marginally to 15.91% in June 2026, down from 15.93% in May, according to the National Bureau of Statistics, with persistent price pressures in food and energy keeping inflation elevated in key regions.
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Nigeria’s headline inflation rate edged down to 15.91% in June 2026, a 0.02 percentage point decrease from the 15.93% recorded in May, according to the National Bureau of Statistics (NBS) Consumer Price Index (CPI) report released in July 2026.
The slight moderation, as reported by Channels Television, reflects minimal relief in overall price trends despite ongoing pressures in food and energy sectors. The CPI measures the rate of change in prices of goods and services over time, serving as the official gauge of inflation in the country.
Regional disparities remain significant, with severe inflationary conditions reported in Niger, Kogi, and the Federal Capital Territory, Abuja, among other areas. This Day highlighted these regional hotspots, underscoring uneven price movements across states, which continue to challenge household purchasing power and policy responses.
While the year-on-year change remains substantial, the marginal month-on-month decline suggests limited progress in stabilizing prices. Persistent energy costs and food insecurity—driven by supply chain constraints and climatic factors—are key contributors to sustained inflationary pressures.
The data from the NBS, cited by both Channels Television and This Day, indicates that inflation remains entrenched at elevated levels despite monetary tightening measures by the Central Bank of Nigeria. With inflation still above double digits, policymakers face ongoing challenges in restoring price stability and protecting real incomes.