Nigeria’s inflation rate eased to 15.10 percent in January 2026, down slightly from 15.15 percent recorded in December 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics. This reflects a small but notable decrease in the rate at which prices are rising across the country.
The report shows that the overall CPI declined to 127.4 points in January, marking a 3.8-point drop from December’s 131.2. Month-on-month, the headline inflation rate recorded a negative 2.88 percent, indicating that price increases slowed compared to the previous month’s 0.54 percent.
Food inflation also eased, falling to 8.89 percent in January from 10.84 percent in December. This suggests some relief for Nigerians as the cost of basic food items has moderated slightly, though prices remain high in many regions.
Despite the slight drop in inflation, many Nigerians continue to express concern over the cost of living, noting that the small disinflation has not fully eased financial pressures faced by households nationwide.
