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Nigeria’s headline inflation rate eased slightly to 15.91 per cent in June 2026 from 15.93 per cent recorded in May, marking the first decline after three consecutive months of increases, according to the National Bureau of Statistics (NBS).
In its Consumer Price Index report released on Wednesday, the NBS said the June headline inflation rate decreased by 0.02 percentage points compared with the previous month, indicating a modest slowdown in the pace of rising consumer prices.
The bureau also reported a month-on-month improvement, with headline inflation slowing to 1.66 per cent in June from 1.75 per cent in May.
According to the NBS, this reflects a lower rate of increase in the average price level compared with the preceding month.
The latest figures represent the first moderation in inflation since the upward trend recorded between February and May 2026, offering a slight respite after months of persistent price pressures.
Despite the marginal decline, inflation remains a major economic concern for households and businesses, as the cost of food, transportation and other essential goods continues to weigh on consumers.
Economists are expected to monitor future inflation data closely to determine whether the latest easing signals the beginning of a sustained downward trend or only a temporary slowdown.
