Nigeria’s headline inflation rate increased slightly to 15.69 per cent in April 2026, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics. The figure represents an increase from the 15.38 per cent recorded in March 2026. 
The statistics agency stated that the latest rise reflects continued pressure on consumer prices across key sectors of the economy despite signs of moderation in the pace of monthly price increases. 
According to the report month-on-month inflation slowed to 2.13 per cent in April from 4.18 per cent recorded in March indicating that while prices continued to rise the rate of increase was lower compared to the previous month. 
The NBS further disclosed that food inflation stood at 16.06 per cent year-on-year during the review period, driven largely by increases in the prices of staple food items such as millet, yam flour, fresh pepper, tomatoes, beans, beef, cassava and other agricultural commodities. 
Analysts noted that persistent inflationary pressures continue to affect household purchasing power, production costs and overall economic activities particularly amid ongoing concerns over food supply, transportation expenses and energy costs.
Stakeholders within the business and agricultural sectors have called for sustained policy measures aimed at stabilising prices, improving food production, strengthening supply chains and supporting economic resilience.
Economic experts also emphasised the importance of coordinated fiscal and monetary interventions capable of addressing inflationary trends while supporting investment, productivity and long-term economic growth.
The latest inflation figures are expected to remain a key consideration for policymakers and financial institutions as efforts continue to manage economic stability and ease the cost-of-living pressures facing Nigerians.
