Nigeria’s headline inflation rate declined slightly to 15.91 percent in June 2026, down from 15.93 percent recorded in May, marking the first monthly drop in three months.
Gatekeepers News reports that National Bureau of Statistics (NBS) in its latest Consumer Price Index (CPI) report released on Wednesday, said the marginal decline indicates a slight easing in the overall pace of price increases, although food prices remain elevated across the country.
According to the report, the food inflation index remained high, driven by continued increases in the prices of staple items, including bread and cereals, meat, fish, potatoes, yam and other tubers, fruits, soft drinks and other food products. These increases continued to put pressure on household spending despite the slight moderation in the headline inflation rate.
The statistics office noted that the June figure represents the first decline since March, offering a modest sign of easing inflationary pressures. However, economists said persistently high food prices remain a major challenge for many Nigerians amid the rising cost of living.
