Nigeria’s Inflation Dips to 15.10% in January 2026 as Food Prices Ease – NBS
Nigeria’s headline inflation rate eased to 15.10 percent in January 2026, down slightly from 15.15 percent recorded in December 2025, according to the latest Consumer Price Index report released by the National Bureau of Statistics (NBS).
In its CPI report published Monday, the statistics agency disclosed that the Consumer Price Index declined to 127.4 points in January from 131.2 points in December, representing a 3.8-point decrease month-on-month.
The NBS also noted that food inflation slowed to 8.89 percent in January, compared to 10.84 percent in the previous month, signaling a modest relief in food price pressures.
“In January 2026, the headline inflation rate eased to 15.10%, down from 15.15% in December 2025,” the bureau stated.
On a month-on-month basis, headline inflation stood at -2.88 percent in January 2026, marking a significant drop from the 0.54 percent recorded in December 2025.
According to the NBS, this indicates that the rate of increase in the average price level slowed considerably compared to the previous month.
The December 2025 figure of 15.15 percent had reflected a marginal uptick in inflation before the latest moderation.
Despite the recorded disinflation, many Nigerians continue to express concerns over the rising cost of living, as household expenses remain elevated across the country.
The latest data underscores ongoing efforts to stabilise prices amid broader economic adjustments, though consumer sentiment suggests that relief at the market level remains gradual. Read More
