Nigeria’s headline inflation rate rose to 15.69% in April, up from 15.38% in March 2026 and stood at 26.82% in the same month of the preceding year of April 2025.
The April 2026 Headline inflation rate showed an increase of 0.31% compared to the March 2026 Headline inflation rate.
These figures were contained in the April 2026 Consumer Price Index (CPI) Report released by the National Bureau of Statistics (NBS) on Friday.
The Bureau said on a month-on-month basis, the Headline inflation rate in April 2026 was 2.13%, which was 2.05% lower than the rate recorded in March 2026 (4.18%).
This means that in April 2026, the rate of increase in the average price level was lower than the rate of increase in the average price level in March 2026.
URBAN INFLATION
On a year-on-year basis, in April 2026, the Urban inflation rate was 15.40%. On a month-on-month basis, the Urban inflation rate was 1.86% in April 2026, down by 1.3% compared to March 2026 (3.16%).
The corresponding twelve-month average for the Urban inflation rate was 19.07% in April 2026. This was 1.69% points lower compared to the 20.76% reported in April 2025.
RURAL INFLATION
The Rural inflation rate in April 2026 was 16.36% on a year-on-year basis. On a month-on-month basis, the Rural inflation rate in April 2026 was 2.80%, down by 3.93% compared to March 2026 (6.73%).
The corresponding twelve-month average for the Rural inflation rate in April 2026 was 18.99%, showing 1.37% points higher compared to the 17.63% recorded in April 2025.
FOOD INFLATION
The Food inflation rate in April 2026 was 16.06% on a year-on-year basis and stood at 24.68% in the same month of the preceding year (April 2025).
On a month-on-month basis, the Food inflation rate in April 2026 was 3.63%, down by 0.54% points from March 2026 (4.17%).
This can be attributed to the rate of change in the average prices of the following products: Millet Whole grain, Yam Flour, Ginger (Fresh), Beef, Garri, Yam Tuber, Pepper (Fresh), Cray Fish, Cassava Tuber, Beans, Irish Potatoes, Tomatoes (Fresh), Wheat Grain (Sold loose), Soy Beans, Guinea Corn, Plantain, Carrots (Fresh) etc.
The average annual rate of Food inflation for the twelve months ending April 2026, relative to the previous twelve-month average, was 17.55%, which was 17.05% points lower than the average annual rate of change recorded in April 2025 (34.60%).
CORE INFLATION
The “All items less farm produces and energy” or Core inflation, which excludes the prices of volatile agricultural produces and energy, stood at 15.86% in April 2026 on a year-on-year basis, indicating a decline of 10.19% points when compared to the 26.05% recorded in April 2025.
On a month-on-month basis, the Core Inflation rate was 1.03% in April 2026, down by 3.0% compared to March 2026 (4.03%).
The average twelve-month annual inflation rate was 20.24% for the twelve months ending April 2026, which was 7.01% points lower than the 27.26% recorded in April 2025.
