Nigeria’s headline inflation rate declined slightly to 15.91 per cent in June 2026, compared with 15.93 per cent recorded in May, the National Bureau of Statistics (NBS) has announced.
The statistics agency disclosed this in its Consumer Price Index (CPI) and Inflation Report for June 2026 released on Wednesday in Abuja.
According to the report, the month-on-month headline inflation rate fell to 1.66 per cent in June from 1.75 per cent in May, reflecting a slower increase in the general price level.
The NBS noted that the year-on-year inflation rate dropped significantly when compared with the 25.29 per cent recorded in June 2025.
It identified food and non-alcoholic beverages, which contributed 6.37 per cent, as the biggest driver of headline inflation, followed by restaurants and accommodation services at 2.06 per cent and transport at 1.70 per cent.
The Consumer Price Index increased to 143.0 points in June from 140.7 points in May.
Food inflation stood at 17.52 per cent on a year-on-year basis in June, representing a decline from the 25.41 per cent recorded in the same period of 2025.
However, food inflation rose on a monthly basis, climbing to 3.75 per cent in June from 2.98 per cent in May due to increased prices of commodities such as crayfish, fresh pepper, tomatoes, yam flour, beef, garri and potatoes.
The report further revealed that core inflation, which excludes volatile agricultural and energy prices, stood at 15.92 per cent year-on-year in June, compared with 25.41 per cent in June 2025.
On a month-on-month basis, core inflation moderated to 1.66 per cent from 1.94 per cent recorded in May.
The NBS also reported that urban inflation stood at 16.08 per cent, while rural inflation was recorded at 15.48 per cent during the period under review.
A breakdown by states showed that Niger recorded the highest year-on-year headline inflation rate at 42.23 per cent, followed by Kogi with 41.59 per cent and the Federal Capital Territory (FCT) with 39.91 per cent.
The states with the lowest headline inflation rates were Imo at 19.74 per cent, Ebonyi at 20.79 per cent and Katsina at 21.87 per cent.
For food inflation, Kogi ranked highest with 53.02 per cent, followed by Niger at 43.83 per cent and Benue at 40.83 per cent.
Katsina recorded the lowest food inflation rate at 19.15 per cent, while Rivers and Imo followed with 23.81 per cent and 24.60 per cent respectively.