Nigeria’s inflation rises to 15.69% in April 2026

Nigeria’s ostentation complaint accrued marginally successful April 2026, rising to 15.69 per cent from 15.38 per cent recorded successful March, according to the latest Consumer Price Index, CPI, study released by the National Bureau of Statistics, NBS, on Friday.

The information showed a 0.31 percent constituent year-on-year increase, indicating that the wide terms level of goods and services remained higher compared to the erstwhile month.

However, the study besides pointed to a slowdown successful terms increases connected a month-on-month basis, suggesting a gradual easing successful the gait of inflationary pressure.

According to the NBS, month-on-month header ostentation stood astatine 2.13 per cent successful April 2026, down importantly from 4.18 per cent recorded successful March.

“This means that successful April 2026, the complaint of summation successful the mean terms level was little than the complaint of summation successful the mean terms level successful March 2026,” the bureau explained.

The statistic bureau noted that though ostentation remains elevated, the latest figures bespeak a moderation successful the velocity of terms increases crossed the economy.

On a 12-month mean basis, the header ostentation complaint for the play ending April 2026 was 19.16 per cent, somewhat little than the 19.33 per cent recorded successful the corresponding play of 2025.

A breakdown of t...