FX.co ★ Nigeria’s Food Inflation Accelerates to 17.52% YoY in June, Extending Upward Trend

Nigeria’s food inflation continued to edge higher in June 2026, with the year-over-year rate rising to 17.52%, up from 16.96% in May 2026. The latest reading, updated on 15 July 2026, underscores persistent price pressures in the country’s food sector.

The figures are based on a year-over-year comparison, meaning June’s food inflation reflects the change in prices relative to June a year earlier. Similarly, May’s 16.96% rate measured price growth compared to May of the previous year. The acceleration in June indicates that food prices are not only high but are increasing at a faster pace than in the prior month.

With food costs a major component of household spending in Nigeria, the uptick in annual food inflation highlights the ongoing strain on consumer purchasing power and signals continuing challenges for policymakers aiming to contain price growth.