Nigeria’s headline inflation rate rose to 15.69% in April 2026, with food inflation reaching 16.06% year-on-year, according to the National Bureau of Statistics.
According to The Guardian, the National Bureau of Statistics has revealed that Nigeria’s headline inflation rate rose to 15.69% in April 2026, with the month-on-month rate standing at 2.13%.
The NBS attributed the food inflation rate of 16.06% year-on-year to price changes across several food items, stating: “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), cray fish, cassava tuber, Beans, Irish Potatoes, tomatoes (fresh), wheat grain (Sold loose), soya beans, guinea corn, plantain, carrots (Fresh) etc.”
The NBS further stated: “The average annual rate of food inflation for the twelve months ending April 2026, relative to the previous twelve-month average, was 17.55%, which was 17.05% points lower than the average annual rate of change recorded in April 2025 (34.60%).”
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