Opaindex
Nigeria's inflation rate today
Nigeria's headline inflation rate is 15.93% year-on-year as of May 2026 (NBS CPI), up from 15.69% the month before — though month-on-month price growth cooled to 1.75%. Food inflation is 16.96% and core inflation 16.82%.
- Headline (YoY)
- 15.93%
- up from 15.69%
- Food (YoY)
- 16.96%
- ~6.38pp of headline
- Core (YoY)
- 16.82%
- ex-farm-produce & energy
- Month-on-month
- 1.75%
- cooled from 2.13%
NBS Consumer Price Index, May 2026 (released May 2026). Read the full breakdown in the May 2026 inflation report.
What it costs: the staple food basket
A national percentage is abstract. To make it concrete, here is Opaindex's fixed monthly staple food basket for a typical Nigerian household of about five, totalled at current tracked prices — food is the biggest item in the Nigerian household budget and the largest driver of the headline rate.
- Monthly basket
- ₦203,278
- Per week
- ₦46,782
- Per day
- ₦6,683
8 staple items, 6 sources, as of 23 June 2026. The quantities are an illustrative household assumption stated openly in the full food-basket breakdown →
Where the squeeze is landing: prices on the move
A single CPI figure hides which items are actually rising. These are the biggest week-on-week movers across the tracker — each links to its own sourced commodity page.
▲ Rising fastest (this week)
- Garri (white) +4.5%
- Cooking Gas (LPG) +3.5%
- Cement +3.2%
- Diesel (AGO) +2.8%
- Sandcrete Block (9 inch) +2.0%
▼ Easing fastest (this week)
- Rice (local) -2.3%
- Iron Rod (12mm rebar) -1.1%
/prices (live overlay; sourced seed fallback), each item dated on its own page.
The CPI is a national aggregate; the live prices show where the squeeze actually lands. See the
inflation report, the
food basket, the
full commodity tracker and the
naira exchange rate.