Food inflation still rising despite drop in headline rate

Nigeria's headline inflation rate saw a marginal decrease, slowing to 15.91 percent in June 2026 from 15.93 percent in May, according to the National Bureau of Statistics (NBS). This slight moderation follows three consecutive months where the headline inflation rate had been on the rise, beginning in March.

Despite the overall slowdown in the headline figure, the NBS data indicates that food inflation continues its upward trend. This persistent rise in food prices remains a significant concern for consumers, potentially impacting household budgets and economic stability.

The NBS report highlights the complex dynamics of the Nigerian economy, where overall inflation may be easing slightly, but specific sectors like food continue to experience price pressures. Further analysis would be needed to understand the contributing factors to this divergence and its implications for the broader economic outlook.