Nigeria’s headline inflation rate increased to 15.69 percent in April 2026, up from 15.38 percent recorded in March, according to the Consumer Price Index data released on Friday by the National Bureau of Statistics (NBS).
On a month-on-month basis, the headline inflation rate slowed to 2.13 percent from 4.18 percent in March, indicating a slower pace of price increase compared to the previous month and reflecting a moderation in inflation momentum.
Food inflation rose to 16.06 percent year-on-year for April. The NBS attributed the increase to higher prices for several items, including millet, yam flour, fresh ginger, beef, garri, yam tuber, fresh pepper, crayfish, cassava, beans, Irish potatoes, fresh tomatoes, loose wheat grain, soybeans, guinea corn, plantain, and fresh carrots.
The NBS reported that urban inflation fell to 15.40 percent year-on-year, while rural inflation remained higher at 16.36 percent, reflecting stronger cost pressures outside major cities.
For the 12 months ending April 2026, the average annual food inflation rate eased to 17.55 percent. This represents a sharp decline from 34.60 percent recorded in the comparable period ending April 2025, a drop of 17.05 percentage points.
The NBS noted that inflation presented a mixed picture in April, with short-term price pressure easing, while annual rates remained elevated across most sectors.
Read Also: Nigeria’s Inflation Rate Drops To 24.48%
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