Nigeria Inflation Rises to 15.69% in April 2026 — NBS

Nigeria’s inflation rate increased slightly to 15.69 per cent in April 2026, according to fresh data released by the National Bureau of Statistics (NBS).

The latest figure reflects a marginal rise from the previous month, based on the Consumer Price Index (CPI), which tracks price movements across goods and services nationwide.

The bureau said the uptick was largely driven by food prices, alongside increases recorded in transport and selected service sectors.

According to the report, inflation stood at 138.3 index points during the period under review.

Food inflation was recorded at 16.06 per cent, reflecting changes in the prices of key staples such as rice, beans, yam, and tomatoes. Although lower than some earlier peaks, the category remained the main pressure point in the inflation basket.

Core inflation, which excludes food and energy, rose to 15.86 per cent, indicating broad-based price increases beyond food items.

On a regional breakdown, urban inflation stood at 15.40 per cent, while rural inflation was higher at 16.36 per cent, showing that rural households faced stronger price pressures during the month.

The NBS also noted variations across states, with differing levels of inflation driven by local market conditions and supply dynamics.

Dangote Refinery Shares to Be Available on Fintech Apps, Mobile Phones

It added that the updated CPI framework reflects revised household spending patterns used in measuring inflation trends.

The latest data underscores continued cost-of-living pressures in Africa’s largest economy, even as month-on-month movements remain relatively moderate.

Please follow and like us:

100k