Nigeria's inflation rises to 15.93% in May as some states record lowest rates

Nigeria's headline inflation rate increased to 15.93% in May 2026, up from 15.69% in April, according to the National Bureau of Statistics. The Consumer Price Index rose to 140.7 points from 138.3 points, reflecting a 2.4-point increase and indicating ongoing upward pressure on consumer prices nationwide. Despite the slight rise, significant disparities emerged across states, with the North-Central region dominating the list of lowest inflation rates. Niger State recorded the lowest all-items inflation at 3.1%, down sharply from 11.8% in April, followed by Plateau at 7.1%, Edo at 7.7%, Taraba at 9.4%, Borno at 9.6%, Oyo at 9.9%, Nasarawa at 10.2%, Ogun at 11.6%, Kwara at 11.7%, and Kebbi at 12.1%. While some states saw food inflation ease, others experienced rising food prices, highlighting uneven cost-of-living pressures. The data shows where living costs are most manageable and where inflation remains a concern, helping households and businesses gauge affordability and plan budgets. Given these variations, will you consider relocating to lower-inflation states for cost savings, or adjust your spending habits to cope with persistent national price increases?

SOURCE: https://nairametrics.com/2026/06/16/top-10-most-affordable-states-to-live-in-nigeria-may-2026/