The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate declined marginally to 15.91 per cent in June 2026 from 15.93 per cent recorded in May.
The Bureau disclosed this in its latest Consumer Price Index (CPI) report released on Wednesday, noting that the increase in food inflation was driven by rising prices of staple food items across the country.
According to the NBS, the slight decline in headline inflation was largely due to a reduction in core inflation, which fell to 15.92 per cent in June from 16.82 per cent in May.
It stated that food inflation increased by 0.56 percentage points from 16.96 per cent in May to 17.52 per cent in June, owing to higher prices of crayfish, fresh pepper, fresh tomatoes, dried green peas, yam flour, water yam, beef, bananas, cassava flour, cowpeas, garri, Irish potatoes and yam tubers.
NBS said, “In June 2026, the headline inflation rate was 15.91 per cent, down from 15.93 per cent in May 2026, and stood at 25.29 per cent in the same month of the preceding year (June 2025).
“Looking at the movement, the June 2026.
The headline inflation rate showed a decrease of 0.02 per cent compared to the May 2026 headline inflation rate.
“On a month-on-month basis, the headline inflation rate in June 2026 was 1.66 per cent, which was 0.09 per cent lower than the rate recorded in May 2026 (1.75 per cent).
“This means that in June 2026, the rate of increase in the average price level was lower than the rate of increase in the average price level in May 2026.”
On food inflation, NBS said, “The food inflation rate in June 2026 was 17.52 per cent on a year-on-year basis and stood at 25.41 per cent in the same month of the preceding year (June 2025).
“On a month-on-month basis, the food inflation rate in June 2026 was 3.75 per cent, up by 0.77 percentage points from May 2026 (2.98 per cent).”
The Bureau said Kogi recorded the highest year-on-year food inflation rate at 53.02 per cent, followed by Niger at 43.83 per cent and Benue at 40.83 per cent.
Katsina recorded the slowest year-on-year rise in food inflation at 19.15 per cent, while Rivers and Imo posted 23.81 per cent and 24.60 per cent respectively.
“On a month-on-month basis, however, June 2026 food inflation was highest in Katsina (16.82 per cent), Kebbi (9.79 per cent) and Niger (8.96 per cent), while Borno (-3.54 per cent), Benue (-2.36 per cent), and Bayelsa (-1.34 per cent) recorded the slowest rise in food inflation on a month-on-month basis,” NBS added.
