Nigeria's inflation hits 15.93% in May, NBS reports

The National Bureau of Statistics reported that Nigeria's inflation rate climbed to 15.93% in May 2026. This marks the third month in a row that inflation has increased. The rise is largely attributed to rising food prices. The trend highlights ongoing economic challenges in the country. Inflation has been a growing concern for consumers and policymakers. The data reflects the impact of supply chain issues and rising commodity costs. Experts suggest that the situation could worsen without intervention.

The rising inflation rate affects purchasing power and economic stability in Nigeria.