Inside Nigeria: Inflation eases

News Update

Nigeria’s inflation dropped to 15.10 percent in January 2026 from N15.15 percent in December 2025.

This is according to the National Bureau of Statistics, NBS, Consumer Price Index released on Monday.

According to NBS, the country’s inflation declined by 127.4 percent in January 2026, reflecting a 3.8 percentage point decrease from the preceding month.

Similarly, NBS said food inflation eased to 8.89 percent in January from 10.84 percent the previous month.

“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,” NBS stated on X on Monday.

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Recall that the inflation rate rose to 15.15 percent in December 2025, according to NBS.

Despite the disinflation in January 2026, Nigerians have continued to lament the rising cost of living nationwide.