NBS Report: Nigeria's Inflation Rises to 15.93% in May 2026, Food Prices Surge in Yobe, Anambra, Sokoto
By Aboki Forex —
The National Bureau of Statistics has released its latest inflation report for May 2026. Headline inflation rose to 15.93% year-on-year, up from 15.69% in April. The Consumer Price Index also climbed to 140.7, a 2.4-point increase from 138.3 in April.
Yobe, Anambra, and Sokoto recorded the highest overall inflation rates. Adamawa, Kwara, and Rivers led the food inflation table. Nigerian households continue to face sustained cost-of-living pressure despite a slowdown in monthly inflation.
On a month-on-month basis, inflation eased to 1.75% in May, down from 2.13% in April. This signals a slower pace of price increases during the period. Year-on-year inflation remains significantly lower than the 26.06% recorded in May 2025, reflecting a broad moderation in price growth compared to last year.
The twelve-month average inflation rate stood at 18.36%, down sharply from 30.57% in the same period of 2025. Urban inflation was recorded at 16%.