Headline inflation rate in 3rd consecutive month rise, hits 15.93%

By Progress Godfrey
Nigeria’s headline inflation rate has gone up again, the third consecutive month, in May 2026, hitting 15.93 percent.
The National Bureau of Statistics, NBS, announced the increase in its latest consumer price index (CPI) report released yesterday.
The report stated: “On a year-on-year basis, the Headline inflation rate rose to 15.93%, up from 15.69% in April 2026 and down from 26.06% in the same month of the preceding year (May 2025).”
“Looking at the movement, the May 2026 Headline inflation rate showed an increase of 0.24% compared to the April 2026 Headline inflation rate.
“In May 2026, the headline inflation rate on a month-on-month basis was 1.75%, whic...