Nigeria’s headline inflation rate has eased to 15.10% in January 2026, down from 15.15% in December 2025, according to the National Bureau of Statistics (NBS). This marks the 10th consecutive monthly decline.
The decrease is attributed to falling prices of key food items such as water yam, eggs, green peas, and palm oil.
Food inflation, which accounts for the largest share of household spending, dropped to 8.89% year-on-year, down 20.73 percentage points from 29.63% in January 2025.
Core inflation, excluding volatile agricultural produce and energy, stood at 17.72% year-on-year, down from 25.27% in January 2025.
Urban inflation fell to 15.36% year-on-year, while rural inflation stood at 14.44%. The NBS data comes ahead of the Monetary Policy Committee meeting of the Central Bank of Nigeria, expected to be held between February 23 and 24, 2026.
