Business News
BREAKING: Nigeria’s inflation eases to 15.10%
Nigeria’s inflation rate dropped slightly to 15.10 per cent in January 2026, down from 15.15 per cent recorded in December 2025.
This was disclosed in the latest Consumer Price Index report released on Monday by the National Bureau of Statistics.
According to the bureau, the January figure shows a 3.8 percentage point decrease compared to the previous month. The report also noted that inflation declined by 127.4 per cent in January 2026.
Food prices also recorded a drop during the period under review. The NBS stated that food inflation eased to 8.89 per cent in January, compared to 10.84 per cent in December.
“The Consumer Price Index (CPI) declined to 127.4 in January 2026, reflecting a 3.8-point decrease from the preceding month (131.2).
“In January 2026, the headline inflation rate eased to 15.10%, down from 15.15% in December 2025.
“On a month-on-month basis, the headline inflation rate in January 2026 was -2.88%, which was 3.42% lower than the rate recorded in December 2025 (0.54%). This means that in January 2026, the rate of increase in the average price level was lower than the rate of increase in the average price level in December 2025,” NBS stated on X on Monday.
Recall that the inflation rate rose to 15.15 percent in December 2025, according to NBS.
Despite the disinflation in January 2026, Nigerians have continued to lament the rising cost of living nationwide.
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