Nigeria's Inflation Up 15.93 Percent Amid High Food Prices - NBS
Nigeria's headline inflation rate rose to 15.93 percent in May 2026, marking the third consecutive monthly increase. The rise is primarily driven by surging food costs, though the month-on-month rate of increase has begun to slow.
Why it matters
High inflation significantly impacts the cost of living and economic stability for the Nigerian population.
The latest figures show consumer prices increased for the third consecutive month, driven largely by higher food costs across several states.
The article relies on official data from the National Bureau of Statistics without adding subjective commentary.
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