Nigeria’s inflation rate rises for third consecutive month

Nigeria’s ostentation roseate for the 3rd consecutive period to 15.93 percent successful May 2026 from 15.69 percent recorded successful April.
The National Bureau of Statistics disclosed this successful its Consumer Price Index and ostentation information released connected Monday.

This means that successful May, the country’s ostentation roseate connected a month-on-month ground by 1.75 percent.

Also, the study showed that nutrient ostentation besides skyrocketed to 16.96 percent successful May, up from 16.06 percent recorded the erstwhile month.

“In May 2026, the header ostentation complaint connected a month-on-month ground was 1.75 percent, which was 0.39 percent little than the complaint recorded successful April 2026 (2.13 percent).

On a year-on-year basis, the header ostentation complaint roseate to 15.93 percent, up from 15.69 percent successful April 2026 and down from 26.06 percent successful the aforesaid period of the preceding twelvemonth (May 2025).

“The Food ostentation complaint successful May 2026 connected a month-on-month ground was 2.98 percent, down by 0.65 percent points from April 2026 (3.63 percent). On a year-on-year basis, it was 16.96 percent and stood astatine 24.55 percent successful the aforesaid period of the preceding year, May 2025”.

DAILY POST reports that the header ostentation complaint dropped successful March and April, respectively.

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