Nigeria’s inflation rate drops as food prices decline
Nigeria’s headline inflation rate has fallen, according to a new report from the National Bureau of Statistics. The Consumer Price Index shows a decrease in both overall and food inflation, with notable drops in urban and rural rates. The report highlights significant reductions in the prices of key food items. Several states recorded varying inflation rates, with some seeing sharp declines.
TLDR
- The National Bureau of Statistics reported a headline inflation rate of 15.10 per cent in January 2026, down from 15.15 per cent in December 2025.
- On a year-on-year basis, headline inflation was 15.10 per cent in January 2026, much lower than 27.61 per cent in January 2025.
- Food inflation slowed to 8.89 per cent in January 2026, a significant drop from 29.63 per cent in January 2025.
- Urban inflation stood at 15.36 per cent in January 2026, while rural inflation was 14.44 per cent, both down from the previous year.
- Benue, Kogi, and the Federal Capital Territory had the highest state-level inflation rates, while Ebonyi, Katsina, and Imo had the lowest.
