Business Companies News Adedotun February 16, 2026 0 Comments

Inflation drops to 15.10%, food prices crash — NBS report

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Nigeria’s headline inflation rate declined marginally to 15.10 per cent in January 2026, down from 15.15 per cent recorded in December 2025, according to the latest Consumer Price Index report released by the National Bureau of Statistics on Monday.

This decline came despite earlier projections by analysts that Nigeria’s inflation could climb to 19 per cent in January.

The NBS report showed that the Consumer Price Index fell to 127.4 in January from 131.2 in December, representing a 3.8-point decrease.

The NBS said the January headline inflation rate was 0.05 percentage points lower than the rate recorded in December.

On a year-on-year basis, the headline inflation rate was 15.10 per cent in January 2026, which is 12.51 percentage points lower than the 27.61 per cent recorded in January 2025.

On a month-on-month basis, inflation stood at negative 2.88 per cent in January, compared to 0.54 per cent in December, indicating that the average price level declined during the month.

The NBS report read, “The Consumer Price Index declined to 127.4 in January 2026, reflecting a 3.8-point decrease from the preceding month (131.2).