The Digest:
Nigeria's inflation rate increased marginally to 15.69 per cent in April 2026, up from 15.38 per cent in March, according to the latest Consumer Price Index report released by the National Bureau of Statistics on Friday. However, month-on-month headline inflation dropped significantly to 2.13 per cent from 4.18 per cent in March, indicating a slowdown in the pace of price increases. Urban inflation stood at 15.40 per cent while rural inflation was higher at 16.36 per cent.
Key Points:
- Year-on-year inflation rose by 0.31 percentage points, meaning prices remain higher than last year.
- Month-on-month inflation dropped sharply, suggesting price increases are slowing down.
- Rural inflation (16.36%) is higher than urban inflation (15.40%), hitting villagers harder.
- The 12-month average inflation rate eased slightly from 19.33% to 19.16%.
- The slowdown in monthly inflation may signal that the worst of the price surge is over.
Sources: NBS
