Nigeria’s Inflation Rate Drops to 15.10%

Nigeria’s headline inflation rate declined to 15.10 percent in January 2026, according to data released by the National Bureau of Statistics (NBS).

The figure represents a marginal month-on-month decline and a substantial year-on-year drop from 27.61 percent recorded in January 2025, reflecting easing price pressures.

Food inflation fell sharply to 8.89 percent year-on-year, offering relief to households grappling with rising living costs.

The data comes ahead of the upcoming Monetary Policy Committee meeting of the Central Bank of Nigeria, where interest rate decisions are expected.

Economists say the improved figures, alongside revised statistical methodology, could influence monetary tightening strategies in the coming months.