Nigeria Inflation Rate Quickens to 5-Month High in April

2026-05-15 14:14 By Luisa Carvalho 1 min. read

Nigeria’s annual inflation rate rose for a second straight month to 15.69% in April 2026 from 15.38% in March, reaching its highest level since last November.

Food inflation, the largest component of the inflation basket, quickened for the third month to 16.06% from 14.31% in March.

This partly reflected the continued pass-through from the March fuel price shock linked to the Middle East conflict.

Transportation prices advanced 16%, slightly down from a 16.9% surge in March.

However, the core inflation rate, which strips out the volatile prices of agricultural produce and energy, eased to 15.86% in April from 16.21% in the month before.

On a monthly basis, the CPI index advanced by 2.13%, slowing from a 4.18% jump recorded in the prior month.



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