Nigeria’s inflation eased to 15.10% in January 2026 from 15.15% in December, with food prices also showing a slight decline, NBS reports

Nigeria’s inflation rate fell slightly to 15.10 percent in January 2026, down from 15.15 percent in December 2025, the National Bureau of Statistics (NBS) reported on Monday.

Also read: Nigeria Customs Launches One-Stop-Shop to Cut Clearance Time

The NBS Consumer Price Index (CPI) showed a month-on-month decline of 2.88 percent, a 3.42 percentage point improvement compared to December’s 0.54 percent.

The CPI for January 2026 stood at 127.4, reflecting a 3.8-point decrease from the preceding month’s 131.2.

Food inflation also eased, dropping to 8.89 percent in January from 10.84 percent in December 2025, signalling modest relief in the cost of essential commodities.

Despite the downward trend, Nigerians continue to express concerns over the rising cost of living, highlighting ongoing economic pressures despite the disinflationary signals.

Also read: US Embassy in Nigeria to Close for Presidents’ Day

The January data indicates a slowdown in the rate of increase of average prices compared with December, providing early signs that inflationary pressures may be moderating as the year progresses.