Nigeria’s inflation rate has decreased slightly from 15.1% in January to 15.06% in February, according to the National Bureau of Statistics (NBS).
The Consumer Price Index (CPI) report for February shows a 0.04% month-on-month decline in inflation rate.
On a year-on-year basis, the headline inflation rate is 11.21% lower than the 26.27% recorded in February 2025.
The NBS attributes the decline to a decrease in the rate of increase in average price levels, with food inflation also slowing down.
However, economists warn that inflation remains a concern, with the International Monetary Fund (IMF) projecting a rise to 37% in 2026.
