Nigeria’s inflation rate rose to 15.93% in May 2026, marking the third consecutive monthly increase in the annual inflation rate as food prices continued to pressure household budgets despite a slowdown in the pace of monthly price increases. The latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Monday showed that inflation increased from 15.69% in April to 15.93% in May, extending a rebound that began in March after inflation fell slightly to 15.06% in February. The report showed that the CPI increased to…
Read More‘Nigeria’s inflation rate rises for 3rd time to 15.93% in May’ – NBS
