Nigeria’s headline inflation rate declined slightly to 15.06 per cent in February 2026, down from 15.10 per cent recorded in January, according to the latest Consumer Price Index report released by the National Bureau of Statistics.
The statistics agency disclosed this on Monday, noting that although inflation eased marginally, consumer prices continued to rise during the period.
“In February 2026, the Headline inflation rate eased to 15.06%, down from 15.10% in January 2026,” the report stated.
The bureau added that the Consumer Price Index rose to 130.0 in February 2026, representing an increase of 2.6 points from 127.4 recorded in January.
According to the report, the movement indicates that the February 2026 headline inflation rate decreased by 0.04 percentage points compared with the January figure.
On a year-on-year basis, however, inflation showed a significant decline. The NBS said the headline inflation rate was 11.21 percentage points lower than the rate recorded in February 2025, which stood at 26.27 per cent.
This suggests that inflation slowed considerably when compared with the same period last year.
The report further explained that on a month-on-month basis, the headline inflation rate in February 2026 stood at 2.01 per cent. This was 4.89 percentage points higher than the rate recorded in January 2026, which was -2.88 per cent.
The NBS noted that the figures indicate the rate of increase in the average price level in February was higher than that recorded in the previous month.
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