The Nigeria inflation rate increased slightly to 15.69 per cent in April 2026, according to the latest Consumer Price Index report released by the National Bureau of Statistics (NBS).
The new figures show that inflation climbed from the 15.38 per cent recorded in March, reflecting a continued rise in the general prices of goods and services across the country.
Despite the increase in the headline figure, the report revealed that the pace of price growth slowed on a month-on-month basis. The NBS disclosed that month-on-month inflation dropped significantly to 2.13 per cent in April 2026, compared to 4.18 per cent recorded in March.
This suggests that while prices are still rising, the speed of the increase has moderated. According to the report, the average inflation rate over the twelve months ending April 2026 stood at 19.16 per cent, slightly lower than the 19.33 per cent recorded during the same period in 2025.
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The bureau explained that this indicates a gradual easing of inflationary pressure in some sectors of the economy. The Nigeria inflation rate also showed different trends across urban and rural areas. Urban inflation stood at 15.40 per cent year-on-year, while rural inflation was higher at 16.36 per cent.
However, both areas recorded declines in month-on-month inflation, pointing to slower increases in consumer prices compared to the previous month. In urban centres, month-on-month inflation fell to 1.86 per cent from 3.16 per cent in March.
Rural areas experienced an even sharper drop, with inflation slowing to 2.80 per cent from 6.73 per cent recorded in the previous month. Economic analysts say the latest figures may signal early signs of stability in Nigeria’s economy, although the cost of living remains high for many households.
Rising food prices, transportation costs, and energy expenses continue to affect consumers nationwide. The Nigeria inflation rate remains one of the key indicators closely monitored by businesses, investors, and policymakers as the country seeks stronger economic recovery and price stability in 2026.
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