Nigeria’s Inflation Slows To 15.91% In June, NBS Says
Nigeria’s headline inflation rate slowed slightly to 15.91 per cent in June, down from 15.93 per cent in May, according to the National Bureau of Statistics.
The movement was small, but it kept inflation on a downward path at a time when food prices remain a pressure point for households. Vanguard reported that the food index rose to 17.52 per cent in June from 16.96 per cent in May 2026.
Daily Trust reported that June’s headline inflation was lower than the 25.29 per cent recorded in June 2025. The outlet also cited the NBS as saying month-on-month headline inflation stood at 1.66 per cent in June, 0.09 percentage points lower than the May rate.
The new figures come after earlier concern over food and import-cost pressures in the economy. NaijaTrend previously reported calls for scrutiny of import duty waivers here.
Food inflation remains the number to watch because it is the part of the index most Nigerians feel first. A lower headline rate will not mean much for households if staple food prices keep rising faster than incomes.
Sources: Vanguard, Daily Trust
Written by
Amina Garba
Financial reporter covering CBN policy, oil and gas, government budgets, and macroeconomic trends. Business Writer at NaijaTrend.
You May Also Like
Business
Otedola Buys N77.6bn First HoldCo Shares, Raises Stake To 21.95%
Femi Otedola has bought another large block of First HoldCo shares, raising his stake in the banking group to 21.95 per…
Business
NAFDAC Seizes Edible Oil Tankers Found Carrying Diesel In Lagos
NAFDAC has seized two tankers meant for edible vegetable oil after they were found carrying diesel in Lagos. The agency…
Business
CREDICORP Launches CLICKD Laptop Credit Scheme With 3MTT Programme
The Nigerian Consumer Credit Corporation has launched the CLICKD scheme with the Federal Government’s 3MTT programme to…
Business
NUPRC Awards 37 Oil Blocks To 31 Companies, Warns Against Delays
The Nigerian Upstream Petroleum Regulatory Commission has named 31 companies as winners of 37 oil and gas blocks in the…