Nigeria’s headline inflation rate climbed to 15.69 per cent in April 2026, according to the latest Consumer Price Index released by the National Bureau of Statistics (NBS).
The figure, published on Friday, May 15, reflects a slight increase from the 15.38 per cent recorded in March 2026.
“In April 2026, the Headline inflation rate rose to 15.69%, up from 15.38% in March 2026 and stood at 26.82% in the same month of the preceding year (April 2025),” the report read in part.
“Looking at the movement, the April 2026 Headline inflation rate showed an increase of 0.31% compared to the March 2026 Headline inflation rate.”
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Despite the rise in the annual rate, the bureau noted that the pace of price increases slowed on a monthly basis.
Data from the report showed that the month-on-month inflation rate for April stood at 2.13 per cent, which is significantly lower than the 4.18 per cent recorded in March.
“This means that in April 2026, the rate of increase in the average price level was lower than the rate of increase in the average price level in March 2026,” the NBS said.
The latest figures indicate a continued upward trend in headline inflation, although with a moderation in the speed at which prices are rising compared to the previous month.