Nigeria Food Inflation Intelligence Report: Why Food Prices Keep Rising in 2026 Executive Summary: Top 5 Market Developments Inflationary Surge: Nigeria’s headline inflation rose to 15.93% in May 2026 , marking the third consecutive monthly increase. Food inflation is the primary driver, accelerating to 16.96% as price pressures persist on staples like rice, tomatoes, and yams. Severe Weather Volatility: NiMet and NiHSA have issued critical alerts for July–September 2026 , with 34 states classified as high-risk for flooding. Concurrently, severe heatwaves in Northern states like Kano and Borno are threatening crop yields and reducing agricultural labor productivity. Fuel Price Stickiness: While the Dangote Refinery reduced wholesale diesel (AGO) gantry prices to ₦1,600 , retail pump prices remain elevated and sticky between ₦1,700 and ₦1,950 , sustaining high interstate haulage costs. Commodity Price Disparity: There is a widening spread between farm-gate and retail prices. F...