Post by Proshare (@Proshare)

After three consecutive months of mild acceleration, headline inflation finally eased by two basis points to 15.91% year-on-year in June 2026, down from 15.93% in May. The move is marginal, but its composition matters: the deceleration was driven almost entirely by a sharp cooling in core inflation, which fell to 15.92% from 16.82%, even as food inflation reaccelerated for a fifth straight month to 17.52%. The reading reads less as a decisive reversal than as the stall of the previous three months beginning to break in the right direction, with energy-price relief doing the heavy lifting while food-supply pressures persist beneath the surface.

The Central Bank of Nigeria has framed recent inflation dynamics as transitory, holding the Monetary Policy Rate (MPR) at 26.50% at its May meeting and anchoring its outlook to expected external relief. The June print lands days ahead of the 306th Monetary Policy Committee meeting on 20–21 July 2026, against a backdrop of a fragile US–Israel–Iran ceasefire, oil prices holding near US$85 amid lingering Strait of Hormuz conflict risk, pre-election spending in view, and food inflation diverging sharply across states, from -3.54% month-on-month in Borno to a 53.02% year-on-year inflation rate in Kogi.

This EA-Proshare June 2026 inflation update sets out what the data signals for markets, policy, and households over the months ahead. In this review, we highlight the key takeaways from the data.

Read more: https://proshare.co/articles/disinflation-regains-a-foothold-in-june-2026-but-food-reasserts-itself-implications-for-policy-and-outlook?menu=Economy&classification=Read&category=Nigeria

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