Nigeria’s headline inflation rate climbed to 15.69 per cent in April 2026, rising from the 15.38 per cent recorded in March, according to the latest Consumer Price Index report released on Friday by the National Bureau of Statistics.
The report showed a year-on-year increase of 0.31 percentage points, indicating that the prices of goods and services remained higher compared to the previous month.
Despite the rise, the bureau noted signs of easing pressure on consumer prices on a month-on-month basis, suggesting that the pace of inflation growth may gradually be slowing down.
Data from the NBS revealed that the month-on-month headline inflation rate dropped to 2.13 per cent in April from 4.18 per cent in March.
“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 bureau stated.
The agency explained that while inflation remains high, the latest figures point to a slowdown in the speed at which prices are increasing across the economy.
On a 12-month average basis, headline inflation for the period ending April 2026 stood at 19.16 per cent, slightly below the 19.33 per cent recorded in April 2025.
The report also highlighted varying inflation trends across urban and rural parts of the country.
