By Ogungbayi Adeyemi S. | adeyemi@ddnewsonline.com
Editor, DDNews |
Life became a little more expensive for Nigerians in May as the country’s inflation rate rose to 15.93%, up from 15.69% recorded in April.
New data released by the National Bureau of Statistics (NBS) shows that prices of goods and services continued to climb, pushing the Consumer Price Index (CPI) to 140.7 points, compared to 138.3 points the previous month.
Follow DDNewsOnline on Facebook For More Breaking News
For many Nigerians, the latest figures simply confirm what they already experience daily at the market, fuel station, and grocery stores. From food items to transportation and household essentials, the cost of everyday living remains on the rise.
Although the increase was modest, it highlights the continued pressure on household incomes at a time when many families are trying to stretch their budgets. Businesses are also grappling with higher operating costs, a situation that could lead to further price increases in the months ahead.
Follow And Like Us On Tiktok
Subscribe To The Best Team In Conservative, Business, Technology, Lifestyle And Digital News Realtime! support@ddnewsonline.com
Economic observers say the latest inflation data will be closely monitored by government officials and the Central Bank as efforts continue to stabilize prices and ease the burden on consumers.
For now, many Nigerians will be hoping that the upward trend slows in the coming months and that relief reaches households feeling the weight of rising costs.
For Breaking News And More Follow Us On Instagram
DDNewsOnline – Lagos
By Ayomiposi Adebanjo (A.A)
Business Correspondent
Send tips to: adeyemi@ddnewsonline.com
09132035599
©️ 2026 DDNewsOnline