The National Bureau of Statistics (NBS) has announced that Nigeria's headline inflation rate increased to 15.69% in April 2026. The statistical office disclosed this on its website on Friday, noting that the month-on-month headline inflation rate for April stood at 2.13%.
Food Inflation Details
According to the NBS, the food inflation rate in April 2026 was 16.06% on a year-on-year basis. This rise was attributed to price increases in several staple items, including millet whole grain, yam flour, fresh ginger, beef, garri, tam tuber, fresh pepper, crayfish, cassava tuber, beans, Irish potatoes, fresh tomatoes, wheat grain (sold loose), soya beans, guinea corn, plantain, and fresh carrots.
Annual Average Comparison
The average annual rate of food inflation for the twelve months ending April 2026 was 17.55%, which is 17.05 percentage points lower than the average annual rate recorded in April 2025, which was 34.60%. This indicates a significant deceleration in food price increases over the past year.
Economic Implications
The rise in inflation poses challenges for consumers and policymakers. The NBS continues to monitor price trends across the country to provide accurate data for economic planning. The report underscores the need for targeted interventions to stabilize food prices and mitigate the impact on households.
