Nigeria’s headline inflation rate declined slightly to 15.06 per cent in February 2026, compared to the 15.10 per cent recorded in January, the National Bureau of Statistics has said.
The figure was contained in the Consumer Price Index report for February released by the statistics agency on Monday.
According to the report, the marginal decline represents a drop of 0.04 percentage points from the inflation rate recorded in the preceding month.
The bureau, however, noted that food inflation increased within the same period, reflecting continued pressure on the prices of food items.
Data from the report showed that food inflation climbed to 12.12 per cent in February, up from 8.89 per cent posted in January.
The NBS explained that the latest data indicated a slight moderation in the country’s overall inflation trend.
It also noted that on a month-on-month basis, the headline inflation rate stood at 2.01 per cent in February.
This represents a significant rise when compared to the -2.88 per cent recorded in January, suggesting that the pace at which prices increased during February was higher than in the previous month.
Meanwhile, the Financial Derivatives Company had earlier projected that the country’s headline inflation could fall further to about 14.07 per cent in February.
