{"id":1816,"date":"2026-06-15T16:58:23","date_gmt":"2026-06-15T13:58:23","guid":{"rendered":"https:\/\/zalebs.com\/news\/nigeria-inflation-hits-15-93-in-may-as-price-pressures-persist\/"},"modified":"2026-06-15T16:58:23","modified_gmt":"2026-06-15T13:58:23","slug":"nigeria-inflation-hits-15-93-in-may-as-price-pressures-persist","status":"publish","type":"post","link":"https:\/\/zalebs.com\/news\/nigeria-inflation-hits-15-93-in-may-as-price-pressures-persist\/","title":{"rendered":"Nigeria Inflation Hits 15.93% in May as Price Pressures Persist"},"content":{"rendered":"<p>Nigeria\u2019s inflation climbed for a third straight month, reaching 15.93% in May 2026, up from 15.69% in April, underscoring continued price pressure for households as the cost of staples also accelerated.<\/p>\n<h2>Key takeaways<\/h2>\n<ul>\n<li>Nigeria\u2019s headline inflation rose to 15.93% in May 2026, following 15.69% in April.<\/li>\n<li>On a month-to-month basis, inflation increased by 1.75% in May.<\/li>\n<li>Food inflation surged to 16.96% in May, up from 16.06% in the prior month.<\/li>\n<li>Food inflation\u2019s year-on-year rate stood at 16.96% in May 2026.<\/li>\n<li>The Central Bank of Nigeria kept its policy interest rate at 26.50% after its 305th meeting.<\/li>\n<\/ul>\n<h2>Inflation edges higher after two prior months of movement<\/h2>\n<p>The National Bureau of Statistics reported the figures in its Consumer Price Index and inflation releases on Monday, noting that headline inflation increased for a third consecutive month. In May 2026, inflation rose by 1.75% on a month-on-month basis.<\/p>\n<p>The data also show that the headline inflation rate in May was 0.39 percentage points lower than the rate registered in April 2026, when month-to-month inflation was 2.13%. Measured year-on-year, headline inflation increased to 15.93% in May, up from 15.69% in April. However, it remained below the level recorded in May 2025, when the year-on-year rate stood at 26.06%.<\/p>\n<h2>Food prices remain a key driver<\/h2>\n<p>Alongside the headline figures, the report highlighted food inflation, which jumped to 16.96% in May 2026 from 16.06% in April. While the year-on-year rate for food inflation rose over the past month, the month-to-month pace eased relative to April\u2019s reading.<\/p>\n<p>Specifically, food inflation on a month-to-month basis was 2.98% in May 2026, down by 0.65 percentage points from 3.63% in April 2026. On a year-on-year basis, food inflation came in at 16.96% in May 2026, and it was 24.55% in the same month of the previous year, May 2025.<\/p>\n<h2>Policy rates held steady as inflation fluctuates<\/h2>\n<p>Earlier in the year, the headline inflation rate had declined in March and April, respectively. The latest uptick comes even as monetary policy remains restrictive: the Central Bank of Nigeria retained the country\u2019s interest rate at 26.50% at its 305th Monetary Policy meeting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nigeria\u2019s inflation climbed for a third straight month, reaching 15.93% in May 2026, up from 15.69% in April, underscoring continued price pressure for households as the cost of staples also accelerated. Key takeaways Nigeria\u2019s headline inflation rose to 15.93% in May 2026, following 15.69% in April. On a month-to-month basis, inflation increased by 1.75% in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1815,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_title":"Nigeria Inflation Rises to 15.93% in May 2026","_yoast_wpseo_metadesc":"Nigeria\u2019s inflation jumped to 15.93% in May 2026, with food prices rising to 16.96%\u2014a sign persistent cost pressures are squeezing","mma_seo_breadcrumb_text":"","mma_seo_breadcrumb_url":"","mma_seo_breadcrumb_hide_ui":"","mma_seo_breadcrumb_labels":[],"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1816","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nigeria Inflation Rises to 15.93% in May 2026<\/title>\n<meta name=\"description\" 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