Inflation hit 15.93% in May –NBS

From Isaac Anumihe , Abuja
The National Bureau of Statistics, (NBS) has said that the headline inflation rate rose to 15.93 per cent in May 2026 against April’s 15.69 per cent.
According to the latest Consumer Price Index (CPI) report yesterday the headline inflation slowed on a month-on-month basis 1.75 per cent in May from 2.13 per cent recorded in April, indicating that prices continued to rise but at a slower pace.
But on a year-on-year basis, inflation stood at 15.93 per cent compared with 15.69 per cent in April and 26.06 per cent in May 2025.
In a statement, Statistician-General of the Federation and Chief Executive Officer (SGF/CEO) of NBS, Prince Adeyemi Adeniran, said...