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EquityTV > Business > Nigeria’s Inflation Rises to 15.69% in April
Business

Nigeria’s Inflation Rises to 15.69% in April

Roheemat Asipita Musa
Last updated: May 15, 2026 4:42 pm
Roheemat Asipita Musa
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Nigeria’s headline inflation rate rose to 15.69 per cent in April 2026, according to the latest Consumer Price Index released by the National Bureau of Statistics.

The figure represents an increase from the 15.38 per cent recorded in March 2026.

According to the report published on Friday, the inflation rate was significantly lower than the 26.82 per cent recorded in April 2025.

“In April 2026, the headline inflation rate rose to 15.69%, up from 15.38% in March 2026 and stood at 26.82% in the same month of the preceding year (April 2025),” the report stated.

“Looking at the movement, the April 2026 headline inflation rate showed an increase of 0.31% compared to the March 2026 Headline inflation rate.”

The statistics agency explained that on a month-on-month basis, headline inflation stood at 2.13 per cent in April 2026, representing a decline of 2.05 percentage points from the 4.18 per cent recorded in March.

“This means that in April 2026, the rate of increase in the average price level was lower than the rate of increase in the average price level in March 2026,” the NBS stated.

The report also showed that food inflation stood at 16.06 per cent year-on-year in April 2026, compared with 24.68 per cent recorded in the corresponding period of 2025.

On a month-on-month basis, food inflation declined to 3.63 per cent from 4.17 per cent recorded in March 2026.

According to the bureau, the movement in food inflation was influenced by changes in the prices of products including millet, yam flour, ginger, beef, garri, yam tubers, fresh pepper, crayfish, cassava tubers, beans, Irish potatoes, tomatoes, wheat grain, soybeans, guinea corn, plantain and carrots.

The report further noted that the average annual rate of food inflation for the 12 months ending April 2026 stood at 17.55 per cent.

This was 17.05 percentage points lower than the 34.60 per cent average recorded in April 2025.

Regionally, the NBS said food inflation on a year-on-year basis was highest in Enugu State at 32.67 per cent, followed by Kwara State at 30.77 per cent and Adamawa State at 30.14 per cent.

The slowest increases in food inflation were recorded in Borno State at 1.67 per cent, Jigawa State at 6.17 per cent and Taraba State at 7.19 per cent.

On a month-on-month basis, Niger State recorded the highest food inflation rate at 8.53 per cent, followed by Bauchi State at 6.78 per cent and Kogi State at 6.72 per cent.

Meanwhile, Kebbi State, Katsina State and Bayelsa State recorded the slowest monthly rise in food inflation rates.

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