Naija Bill Tracker
Language
Choose your reading language

NBS

Headline CPI (YoY)

Year-on-year change in the consumer price index across all goods and services tracked by the NBS basket. The headline measure of inflation.

Latest
11.65% YoY
as of 1 May 2026
vs prior
0.36% YoY
vs year ago
11.32% YoY
9.816.523.229.936.7Jun 23Dec 24May 26

In plain English

AI-generated · groq:llama-3.3-70b-versatile

The rate of change in prices of goods and services, known as inflation, is now 11.65% as of May 2026, which is lower than the previous month.

The Headline Consumer Price Index (CPI) measures how much the prices of everyday items like food, housing, and clothing have changed over time. It helps us understand how fast prices are rising or falling. The latest number shows that prices are still going up, but at a slower rate than before. This means that the money in your pocket can buy a little more than it could last month, but not as much as it could a year ago.

What just changed

The inflation rate decreased from 12.01% in April 2026 to 11.65% in May 2026, indicating a continued slowdown in the rate of price increases.

How it affects you

  • As a worker, you may see your salary go further if prices keep falling, but your employer might not give you a raise if they think prices are under control.
  • As a parent, you might spend less on everyday items for your family, which could help you save money for other important things.
  • As a trader, you need to think about how price changes will affect the things you buy and sell, and adjust your business plans accordingly.
  • As a student, you might find that your allowance or scholarship can buy more with lower prices, but you should still be careful with your money.

Related legislation

Methodology & source

Source
National Bureau of Statistics
Frequency
monthly
Unit
% YoY (percent_yoy)
Pillar
Money & prices

v0 data is loaded from bundled fixtures and is illustrative only. The same pipeline accepts live source connectors without code changes elsewhere.