Nigeria’s headline inflation has eased further in January 2026 to 15.10%, slightly lower than the 15.15% recorded in December 2025.
This is significantly down from 27.61% recorded in January 2025, which is the corresponding time last year. The data is according to the latest Consumer Price Index (CPI), figures released by the National Bureau of Statistics (NBS).
The month-on-month figures also paint a positive picture. In January 2026, the headline inflation rate registered -2.88%, indicating that the increase in the average price level was slower than 0.54% recorded in December 2025, reflecting a temporary deflationary trend.
Food inflation stood at 8.89% year-on-year, while on a monthly basis it dropped sharply by 6.02%. The decline was linked to falling average prices of key staples such as yams, eggs, beans, maize, cassava, vegetable oil, and beef.
Core inflation, which excludes farm produce and energy, came in at 17.72% year-on-year and fell by 1.69% month-on-month, also reflecting easing cost pressures.
Among the newly introduced sub-indices, services recorded the only monthly increase at 0.48%, while imported food, farm produce, goods, and energy all declined. Year-on-year, services posted the highest rate at 22.17%, followed by energy and goods.
(Editor: Terverr Tyav)
