Nigeria's Inflation Rate Hits 15.69% in April 2026

The National Bureau of Statistics (NBS) reported that Nigeria's inflation rate increased to 15.69% in April 2026, marking a 0.31% rise compared to March 2026. This figure is lower than the 26.82% recorded in April 2025.

Month-on-month, the inflation rate rose by 2.13%, down from 2.05% in March 2026. Food inflation for April 2026 was reported at 16.06%, a decrease from 24.68% in April 2025, with a month-on-month decline of 3.63% from March 2026's 4.17%.

The report highlighted that the highest year-on-year inflation rates were observed in Sokoto (25.74%), Bauchi (22.52%), and Zamfara (22.03%), while the lowest were in Edo (5.91%) and Borno (6.72%). The highest month-on-month increases were recorded in Niger (5.66%) and Kano (4.50%).

The analysis also noted significant declines in food inflation year-on-year, particularly in Enugu (32.67%) and Kwara (30.77%).