Nigeria's inflation outlook is showing signs of improvement, raising hopes of relief for households, as slowing monthly price increases and falling global oil prices point to a gradual moderation in consumer prices in the months ahead.
Inflation data released by the National Bureau of Statistics (NBS) showed that headline inflation on a month-on-month basis eased to 1.75 percent in May 2026 from 2.13 percent in April, indicating that the pace of consumer prices increased at a slower rate than they did the previous month.
Food inflation, w
