Nigeria’s headline inflation rate increased to 15.69 percent in April 2026, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS).
The figure represents a 0.31 percentage point increase from the 15.38 percent recorded in March 2026.
In the report released on Friday, the NBS stated that the April headline inflation rate reflected a moderate rise compared to the previous month.
“The April 2026 Headline inflation rate showed an increase of 0.31% compared to the March 2026 Headline inflation rate,” the agency said.
However, on a month-on-month basis, the inflation rate slowed to 2.13 percent in April from 4.18 percent recorded in March, indicating a decline in the pace of price increases within the month under review.
“This means that in April 2026, the rate of increase in the average price level was lower than the rate of increase in the average price level in March 2026,” the NBS explained.
The bureau also disclosed that food inflation stood at 16.06 percent year-on-year in April 2026.
According to the report, the figure was lower than the 24.68 percent recorded in April 2025, suggesting a moderation in food price pressures compared to the same period last year.
The latest inflation figures come amid ongoing economic reforms and efforts by policymakers to stabilize prices and improve purchasing power across the country.
Credit: TheCable
