Nigeria’s inflation rate increased slightly to 15.69% in April 2026, up from 15.38% in March, according to the National Bureau of Statistics (NBS).
However, the figure is much lower than the 26.82% recorded in April 2025.
The NBS explained that the report follows the rebasing of the Consumer Price Index (CPI), which now uses 2024 as the new base year.
The CPI rose to 138.3 points in April, an increase of 2.9 points from March.
On a monthly basis, inflation slowed to 2.13% in April from 4.18% in March, showing that prices are still rising but at a slower pace.
The NBS said rising prices of food, transport, restaurants, and accommodation services were the main drivers of inflation.
Food inflation stood at 16.06% year-on-year in April 2026, lower than the 24.68% recorded in April 2025.
Month-on-month, food inflation dropped to 3.63% from 4.17% in March.
The bureau linked the slowdown to price changes in staple foods such as millet, yam flour, ginger, beef, garri, pepper, beans, tomatoes, cassava, wheat, soybeans, plantain, carrots, and potatoes.
Core inflation, which excludes farm produce and energy prices, rose to 15.86% year-on-year. On a monthly basis, it slowed to 1.03% from 4.03% in March.
The report also showed:
Farm produce inflation: 19.8%
Services inflation: 16.7%
Goods inflation: 15.7%
Imported food inflation: 10.5%
Energy inflation: 4.6%
Urban inflation was 15.40%, while rural inflation was higher at 16.36%.
Among states, Sokoto recorded the highest inflation rate at 25.74%, followed by Bauchi and Zamfara. Edo recorded the lowest inflation rate at 5.91%.
For food inflation, Enugu recorded the highest rate at 32.67%, while Borno recorded the lowest at 1.67%.
