Nigeria’s inflation fell slightly to 15.10 percent in January 2026 from 15.15 percent in December 2025, the National Bureau of Statistics (NBS) reported on Monday.
The NBS Consumer Price Index (CPI) showed that the country’s inflation eased by 127.4 percent in January, marking a 3.8 percentage point drop compared to the previous month.
Food prices also became a bit cheaper, with food inflation slowing to 8.89 percent in January from 10.84 percent in December 2025.
“The Consumer Price Index (CPI) declined to 127.4 in January 2026, reflecting a 3.8-point decrease from the preceding month (131.2),” NBS said.
“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 was -2.88%, which is 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 December 2025,” NBS added on X.
Even with the small drop in inflation, Nigerians are still feeling the pinch as the cost of living continues to rise across the country.
