Nigeria's Inflation Rate Climbs to 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 26.82% compared to April 2025. The report, released on a Friday, highlighted that food and transport costs were significant contributors to this rise, accounting for 6.40 percentage points and 1.70 percentage points of the overall inflation rate, respectively.

Despite the annual inflation increase, the monthly price growth slowed to 2.13% in April, down from 4.18% in March. Food inflation stood at 16.06% year-on-year, a decrease from 24.68% in April 2025, while core inflation, excluding volatile agricultural products and energy prices, was at 15.86%.

The report also indicated that urban inflation was at 15.40%, with rural inflation higher at 16.36%. The highest year-on-year inflation rates were recorded in Sokoto (25.74%), Bauchi (22.52%), and Zamfara.