Nigeria’s headline inflation rate rose to 15.69 per cent year-on-year in April 2026, according to fresh data released on Friday by the National Bureau of Statistics (NBS).
The latest Consumer Price Index (CPI report showed that inflation increased from 15.38 per cent recorded in March, marking the second consecutive monthly rise in the annual inflation rate after eleven straight months of disinflation.
According to the statistics office, the renewed inflationary pressure was largely driven by rising food prices, with food inflation climbing sharply to 16.06 per cent in April from 14.31 per cent in the previous month.
Despite the increase in the year-on-year figure, month-on-month headline inflation moderated to 2.13 per cent, lower than the 4.18 per cent recorded in March 2026.
The April inflation reading came slightly below market expectations. Analysts at Coronation Merchant Bank, through its research subsidiary Broadstreet, had projected headline inflation at 15.95 per cent year-on-year and 2.35 per cent month-on-month for the period.
The latest figures suggest that while inflationary pressures remain elevated, the pace of monthly price increases may be easing compared to the sharp acceleration seen in March.
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