Nigeria's Inflation Hits 15.69% in April 2026

The National Bureau of Statistics reported that Nigeria's headline inflation rate increased to 15.69% in April 2026, up from 15.38% in March 2026, and significantly higher than the 26.82% recorded in April 2025. This represents a 0.31% increase compared to the previous month.

The Consumer Price Index (CPI) rose to 138.3 in April 2026, marking a 2.9-point rise from March 2026. Food and non-alcoholic beverages were the largest contributors to inflation, accounting for 6.40 percentage points of the overall rate, followed by restaurant and accommodation services (3.56 percentage points), transport (1.70 percentage points), and healthcare (1.21 percentage points).

The report also indicated that the annual food inflation rate stood at 16.06% in April 2026, down from 24.68% in April 2025. Core inflation, excluding volatile agricultural products and energy prices, was recorded at 15.86% year-on-year.