Nigeria’s inflation rate for April climbs to 15.69%

Nigeria’s headline inflation rate for April climbed to 15.69% year on year (YoY), according to the latest data released by the Statistics office on Friday.

In its report, the National Bureau of Statistics (NBS) said the consumer price index (CPI) maintained an upward trajectory, rising to 15.69% YoY from 15.38% in the prior month.

The headline inflation surge marked the second consecutive month of upward movement in the year-on-year rate, extending the cycle reversal that began in March 2026 after eleven straight months of disinflation.

The majority of the pressure stemmed from an uptick in the food basket, which rose to 16.06% from 14.31% in March 2026.  On a month-on-month basis, headline inflation settled at 2.13%, lower than 4.18% witnessed in March.

In April 2026, headline inflation rose to 15.69%, up from 15.38%. On a month-on-month basis, headline inflation stood at 2.13% in April 2026, compared to 4.18% recorded in March 2026.

Food inflation increased to 16.06% in April 2026, compared to 14.31% in March 2026. On a month-on-month basis, food inflation recorded 3.63% in April 2026, compared to 4.17% in March 2026. Core inflation, which excludes volatile agricultural produce and energy, stood at 15.86% in April 2026, compared with 16.21% in March 2026.

On a month-on-month basis, core inflation declined sharply to 1.03% in April 2026, from 4.03% in March 2026.