FX.co ★ Nigeria’s Inflation Eases Marginally in June as CPI Slips to 15.91%

Nigeria’s consumer price inflation edged down slightly in June 2026, with the year-over-year Consumer Price Index (CPI) reading coming in at 15.91%, compared to 15.93% in May 2026. The latest figures, updated on 15 July 2026, indicate a marginal easing in price pressures but keep inflation firmly elevated on an annual basis.

The June reading is based on a year-over-year comparison, measuring the change in prices against June of the previous year. Similarly, May’s 15.93% figure reflected price changes versus May a year earlier. While the 0.02 percentage-point decline signals a modest slowdown in the pace of price increases, the data suggests Nigeria continues to grapple with high inflation, maintaining a challenging environment for households and businesses alike.

Market participants and policymakers will be closely watching whether this slight downward movement marks the beginning of a more sustained disinflation trend or merely a temporary pause in upward price pressures in Africa’s largest economy.