Nigeria’s inflation rate has reduced slightly to 15.10% in January 2026, down from 15.15% recorded in December 2025.
Naija News reports that this is based on the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Monday.
According to the report, the marginal decline of 0.05 percentage points suggests a continued slowdown in price pressures at the start of the year, following several months of easing inflation.
On a year-on-year basis, inflation dropped significantly compared to the same period last year. The January 2026 rate of 15.10% is 12.51 percentage points lower than the 27.61% recorded in January 2025.
The NBS explained that the marginal slowdown is based on changes to its price measurement framework introduced in its previous report, noting that the revised approach was designed to better capture prevailing market conditions.
Under the new methodology, the bureau now applies a 12-month reference period, with the average Consumer Price Index (CPI) for the 12 months of 2024 set as the base year equal to 100.
Previously, the CPI was benchmarked against a single-month reference period, with December 2024 fixed at 100.
The NBS also reported a notable easing in food inflation, which remains one of the strongest drivers of consumer prices.
Food inflation declined to 8.89 per cent year-on-year in January, compared with 10.84 per cent recorded in December.
