Nigeria’s headline inflation rate declined to 15.10 percent in January 2026, down from 15.15 percent recorded in December 2025.
The latest figures were released on Monday in the Consumer Price Index report by the National Bureau of Statistics, NBS.
According to the NBS, the Consumer Price Index declined to 127.4 in January 2026, reflecting a 3.8 point decrease from 131.2 recorded in the preceding month.
Food inflation also eased to 8.89 percent in January, compared to 10.84 percent 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,” the NBS stated on X on Monday.
The inflation rate had risen to 15.15 percent in December 2025, according to the statistics agency.
Despite the moderation recorded in January, many Nigerians continue to express concern over the high cost of living across the country.
