Nigeria’s headline inflation rate decelerated to 15.91% in June, marking the first monthly decline in three months.
The National Bureau of Statistics (NBS) released the Consumer Price Index data, showing a modest easing from the 15.93% recorded in March.
The slight improvement indicates that aggressive monetary tightening measures implemented by the Central Bank of Nigeria are beginning to exert downward pressure on price growth.
The deceleration comes amid continued volatility in the food sector, which remains a primary driver of consumer price increases in the West African economy.
While headline figures softened, underlying pressures from rising food costs persist, complicating the path to sustained disinflation.
The data suggests a marginal improvement in the macroeconomic environment, though the pace of decline remains gradual.