Nigeria’s Headline Inflation Creeps Up to 15.93% Amid Rising Core Pressures

Nigeria's headline inflation rose slightly to 15.93% in May 2026, marking a third consecutive monthly increase.

Urban year-on-year inflation hit 16.07%, continuously outpacing rural inflation which settled at 15.60%.

Monthly food prices rose by a volatile 2.98%, remaining a major driver of household financial strain.

Core month-on-month inflation nearly doubled to 1.94%, signaling deep structural and systemic pressures across the economy.

Nigeria’s Headline Inflation Creeps Up to 15.93% Amid Rising Core Pressures

Nigeria's headline inflation rose slightly to 15.93% in May 2026, marking a third consecutive monthly increase.

Urban year-on-year inflation hit 16.07%, continuously outpacing rural inflation which settled at 15.60%.

Monthly food prices rose by a volatile 2.98%, remaining a major driver of household financial strain.

Core month-on-month inflation nearly doubled to 1.94%, signaling deep structural and systemic pressures across the economy.

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