FMDA forecasts 16.42% April inflation rate amid fuel, food prices surge

By Yinka Kolawole
The Financial Market Dealers Association (FMDA) has projected Nigeria’s headline inflation rate to rise to 16.42 per cent year-on-year in April 2026, reversing months of steady moderation as rising food prices, higher energy costs and worsening global commodity conditions continue to pressure domestic prices.
According to the April 2026 Inflation Forecast report released by FMDA, the projected inflation figure represents an increase from the 15.38 per cent recorded in March 2026 and marks the first consecutive monthly acceleration in annual inflation since the middle of 2025.
The report noted that inflation had steadily declined from a peak of 27.35 per cent in Mar...