The National Bureau of Statistics (NBS) has released its latest Consumer Price Index report, revealing that Nigeria’s inflation rate fell slightly to 15.06% in February 2026.
This represents a minor decrease of 0.04 percentage points from the 15.10% recorded in January.
When compared to the same period in 2025—where the rate was a staggering 26.27%—this new figure shows a massive year-on-year improvement.
This suggests that the intense inflationary pressures that plagued the country last year are finally starting to ease, offering a glimmer of hope for long-term economic stability.
Despite the positive yearly trend, the report highlights a challenging month-on-month reality.
The cost of living actually climbed by 2.01% in February alone, a sharp contrast to the negative growth seen in January.
This means that while things are cheaper than they were twelve months ago, they became more expensive over the last thirty days.
The NBS report specifically noted that food inflation has seen a dramatic annual drop from nearly 27% last year to 12.12% now.
This data provides a subtle clarification that while the "big picture" is improving, the daily struggle with market prices remains a significant concern for most households.
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