Nigeria’s headline inflation rate eased marginally to 15.10 percent in January 2026, slipping from 15.15 percent recorded in December 2025, according to the latest Consumer Price Index report released by the National Bureau of Statistics.
The 0.05 percentage point decline points to a gradual moderation in price growth at the beginning of the year, extending the recent pattern of slowing inflationary pressure.
The NBS said, year-on-year figures show a sharper improvement. The January 2026 inflation rate is 12.51 percentage points lower than the 27.61 percent posted in January 2025, indicating a notable reduction compared with last year’s levels.
Details from the report also reveal that prices fell on a month-to-month basis. Inflation for January stood at negative 2.88 percent compared to 0.54 percent in December, marking a 3.42 percentage point drop. This suggests that the overall cost of goods and services declined in January relative to the previous month.
However, the longer-term trend still reflects elevated price pressure. The average Consumer Price Index for the twelve months ending January 2026 rose by 21.97 percent compared with the preceding twelve-month period. That figure is 4.37 percentage points higher than the 17.59 percent recorded in January 2025, underscoring persistent underlying inflation over the past year.
