By Okeoghene Akubuike
Nigeria’s headline inflation rate dropped slightly to 15.91 per cent in June 2026, from 15.93 per cent in May, according to the National Bureau of Statistics (NBS)
.
The NBS said this in its Consumer Price Index (CPI) and Inflation Report for June 2026 released in Abuja on Wednesday.
The report said that on a month-on-month basis, headline inflation stood at 1.66 per cent in June, down from 1.75 per cent recorded in May, indicating a slower pace in the rise of average prices.
On a year-on-year basis, the inflation rate was 15.91 per cent, compared with 25.29 per cent recorded in June 2025.
According to the report, the major contributors to headline inflation were food and non-alcoholic beverages (6.37 per cent), restaurants and accommodation services (2.06 per cent), and transport (1.70 per cent).
It said that the CPI increased to 143.0 in June 2026, and reflected a 2.3 -point increase from the 140.7 recorded in May
The report said food inflation stood at 17.52 per cent year-on-year in June, lower than the 25.41 per cent recorded in June 2025.
“However, on a month-on-month basis, food inflation increased to 3.75 per cent from 2.98 per cent in May.”
The NBS attributed the rise in food inflation to the rate of change in the average prices of crayfish, fresh pepper, fresh tomatoes, green peas, yam flour and water yam.
“Others are beef, banana, cassava flour, cow pea, garri, irish potatoes, yam tuber, among others
The report also showed that core inflation, which excluded volatile agricultural produce 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 slowed to 1.66 per cent from 1.94 per cent recorded in May.
The NBS said urban inflation stood at 16.08 per cent year-on-year, while rural inflation was 15.48 per cent.
On state-by-state analysis, Niger recorded the highest year-on-year headline inflation rate at 42.23 per cent, followed by Kogi (41.59 per cent) and the FCT (39.91 per cent).
The lowest rise in year-on-year inflation rates were recorded in Imo (19.74 per cent), Ebonyi (20.79 per cent) and Katsina (21.87 per cent).
However, the report said that in June 2026, the inflation rate on a month-on-month basis was highest in Niger at 11.65 per cent, followed by Katsina at 8.13 per cent and Kwara at 7.52 per cent.
“Bayelsa at -6.48 per cent, followed by Benue at -5.58 per cent and Cross River at -5.12 per cent recorded the lowest rise in month-on-month inflation.”
For food inflation, Kogi recorded the highest year-on-year 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 rise in food inflation at 19.15 per cent, followed by Rivers at 23.81 per cent and Imo at 24.60 per cent.”
However, it said that on a month-on-month basis, food inflation was highest in Katsina at 16.82 per cent, followed by Kebbi at 9.79 per cent, and Niger at 8.96 per cent.
“Borno at -3.54 per cent, followed by Benue at -2.36 per cent and Bayelsa at -1.34 per cent, recorded the slowest rise in food inflation on a month-on-month basis.”(NAN)(www.nannews.ng)
Edited by Abiemwense Moru