Nigeria's Inflation Hits 15.69% in April 2026

In April 2026, Nigeria's inflation rate increased to 15.69%, up from 15.38% in March 2026, according to the latest Consumer Price Index (CPI) data released by the National Bureau of Statistics. This rise represents a 0.31 percentage point increase from the previous month, indicating renewed price pressures despite a brief moderation in March.

However, the inflation rate shows a significant decline compared to the same period in 2025, when it stood at 26.82%. The report also highlights that the inflation index experienced a sharp slowdown, standing at 2.13% in April 2026, which is a notable decline from the 4.18% recorded in March 2026, representing a 2.05 percentage point drop.