Nigeria’s Inflation Pressure Persists Despite Sharp Drop in Monthly Inflation Rate

Primanews | 17-05-2026 12:57pm |

Nigeria's headline inflation rate increased to 15.69 percent in April 2026, up from 15.38 percent in March 2026, indicating persistent inflationary pressures within the economy. The National Bureau of Statistics (NBS) reported that the Consumer Price Index (CPI) rose to 138.3 points in April, reflecting ongoing challenges in managing price stability. Despite a significant slowdown in the rate of monthly price increases, the data suggests that underlying factors contributing to inflation remain elevated.

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