Nigeria’s inflation rate eased slightly to 15.06 per cent in February 2026, down from 15.10 per cent recorded in January.
The National Bureau of Statistics disclosed this in its February Consumer Price Index and inflation report released on Monday.
According to the agency, the country’s headline inflation declined by 0.04 percentage points on a month-to-month basis.
Despite the marginal drop in the overall rate, food inflation rose to 12.12 per cent in February, up from 8.89 per cent recorded in January.
The bureau stated that on a month-on-month basis, the headline inflation rate in February stood at 2.01 per cent, which was 4.89 percentage points higher than the -2.88 per cent recorded in January.
“This means that in February 2026, the rate of increase in the average price level was higher than the rate of increase in the average price level in January 2026,” the NBS said in the report.
Meanwhile, the Financial Derivatives Company had earlier projected that February’s headline inflation would drop further to 14.07 per cent.