Nigeria Inflation Eases to 15.06% in February 2026

Nigeria's headline inflation rate eased slightly to 15.06 percent in February 2026, marking a modest slowdown from 15.10 percent in January, according to the latest Consumer Price Index report from the National Bureau of Statistics.

The National Bureau of Statistics, the country's primary data agency, released the figures on Monday, showing the Consumer Price Index, which tracks average price changes for a basket of household goods and services, rose to 130.0 points in February from 127.4 points the previous month. This reflected a 2.6-point increase within the month. On a year-on-year basis, the headline rate fell sharply by 11.21 percentage points from 26.27 percent in February 2025, signaling a broader cooling in price pressures over the past year. However, month-on-month inflation accelerated to 2.01 percent in February, reversing a 2.88 percent decline recorded in January. The bureau explained that this indicated prices rose at a faster pace during the month compared to the prior period.

Food prices remained the primary driver of inflation, contributing 6.03 percentage points to the headline index, the largest share among categories. Food and nonalcoholic beverages...