Nigeria’s inflation up to 15.69%

Nigeria’s headline inflation rose to 15.69 percent in April.

The National Bureau of Statistics (NBS) disclosed in its latest consumer price index (CPI) report released on Friday in Abuja.

It showed that inflation edged up from 15.38% in March.

“In April 2026, the headline inflation rate rose to 15.69%, up from 15.38% in March 2026 and stood at 26.82% in the same month of the preceding year (April 2025),” the report read.

“Looking at the movement, the April 2026 headline inflation rate showed an increase of 0.31% compared to the March 2026 Headline inflation rate.”

The NBS said that on a month-on-month basis, the headline inflation rate in April was 2.13 percent, which was 2.05 percent lower than the figure recorded in March 2026 (4.18 percent).

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“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,” it added

The agency said the country’s food inflation rate for April 2026 was at 16.06 percent on a year-on-year basis.

It said the food inflation rate was at 24.68 per cent in the same month last year; that is, April 2025.

“On a month-on-month basis, the Food inflation rate in April 2026 was 3.63%, down by 0.54% points from March 2026 (4.17%).

“This can be attributed to the rate of change in the average prices of the following products: millet whole grain, yam flour, ginger (fresh), beef, garri, yam tuber, pepper (fresh), crayfish, cassava tuber, beans, Irish potatoes, tomatoes (fresh), wheat grain (sold loose), soybeans, guinea corn, plantain, carrots (Fresh) etc,” the report stated.

Babajide Okeowo