Nigeria’s headline inflation rate eased slightly to 15.1 percent in January 2026, down from 15.15 percent recorded in December 2025.
The National Bureau of Statistics stated that the slight drop reflects improved price stability, following the adoption of a revamped methodology.
Year-on-year inflation fell significantly compared to the 27.61 percent recorded in January 2025.
Food inflation saw a sharp decline, dropping to 8.89 percent year-on-year, driven by lower prices of key staples such as yam, maize, beans, eggs, palm oil, and beef.
Core inflation, which excludes agricultural produce and energy, also declined to 17.72 percent on an annual basis.
The report comes ahead of the Central Bank of Nigeria’s Monetary Policy Committee meeting scheduled for February 23–24, 2026.
