Nigeria’s consumer price pressures intensified slightly in May 2026, with the year-over-year Consumer Price Index (CPI) rising to 15.80%, up from 15.69% in April 2026. The latest data, updated on 15 June 2026, confirms a modest acceleration in annual inflation.
On a year-over-year basis, the May reading shows that prices increased more sharply compared with the same month a year earlier than they did in April. In April, the CPI was 15.69% higher than in April of the previous year; in May, the CPI stood 15.80% above its level a year earlier.
The marginal uptick suggests that inflationary pressures remain persistent, keeping Nigeria’s price growth firmly elevated in double digits and underscoring ongoing challenges for consumers, policymakers, and businesses planning around costs and pricing.
