{"id":748,"date":"2026-02-16T14:27:46","date_gmt":"2026-02-16T14:27:46","guid":{"rendered":"https:\/\/facthubafrica.com\/?p=748"},"modified":"2026-02-16T14:29:32","modified_gmt":"2026-02-16T14:29:32","slug":"inflation-eases-to-15-10-in-january-food-prices-decline-nbs","status":"publish","type":"post","link":"https:\/\/facthubafrica.com\/index.php\/2026\/02\/16\/inflation-eases-to-15-10-in-january-food-prices-decline-nbs\/","title":{"rendered":"Inflation Eases to 15.10% in January, Food Prices Decline \u2014 NBS"},"content":{"rendered":"

Nigeria\u2019s headline inflation rate eased slightly to 15.10 per cent in January 2026, down from 15.15 per cent recorded in December 2025, the National Bureau of Statistics (NBS) has said<\/strong>.<\/p>\n

The latest Consumer Price Index (CPI) report released on Monday showed the marginal 0.05 percentage point drop, defying earlier projections that inflation could climb as high as 19 per cent.<\/p>\n

The bureau said the CPI fell to 127.4 in January from 131.2 in December, representing a 3.8-point decrease.<\/p>\n

\u201cIn January 2026, the Headline inflation rate eased to 15.10 per cent, down from 15.15 per cent in December 2025,\u201d the NBS stated.<\/p>\n

On a year-on-year basis, inflation was 12.51 percentage points lower than the 27.61 per cent recorded in January 2025.<\/p>\n

Month-on-month, inflation dropped to negative 2.88 per cent compared to 0.54 per cent in December, indicating a general decline in average prices.<\/p>\n

The report added that the 12-month average CPI for the period ending January 2026 stood at 21.97 per cent. This represents a 4.37 percentage point increase from 17.59 per cent recorded in January 2025.<\/p>\n

Urban inflation stood at 15.36 per cent year-on-year, down from 29.45 per cent in January 2025. Rural inflation was 14.44 per cent, compared to 25.04 per cent a year earlier.<\/p>\n

On a month-on-month basis, urban inflation declined by 2.72 per cent, while rural inflation fell by 3.29 per cent.<\/p>\n

Food inflation recorded a sharp moderation, dropping to 8.89 per cent year-on-year from 29.63 per cent in January 2025.<\/p>\n

Month-on-month, food inflation fell by 6.02 per cent, compared to negative 0.36 per cent recorded in December.<\/p>\n

The NBS attributed the decline to lower prices of items including water yam, eggs, green peas, groundnut oil, soya beans, palm oil, maize grains, guinea corn, beans, beef and cassava.<\/p>\n

The 12-month average food inflation rate stood at 20.29 per cent, significantly lower than 38.47 per cent recorded in January 2025.<\/p>\n

Core inflation, which excludes volatile agricultural produce and energy, stood at 17.72 per cent year-on-year, down from 25.27 per cent in January 2025.<\/p>\n

Month-on-month, core inflation declined by 1.69 per cent from 0.58 per cent in December.<\/p>\n

At the state level, Benue recorded the highest year-on-year all-items inflation rate at 22.48 per cent.<\/p>\n

Kogi followed at 20.98 per cent, while the Federal Capital Territory posted 19.25 per cent.<\/p>\n

Ebonyi recorded the lowest rate at 8.72 per cent. Katsina stood at 8.94 per cent, while Imo posted 10.61 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"

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Nigeria\u2019s headline inflation rate eased slightly to 15.10 per cent in January 2026, down from 15.15 per cent<\/p>\n","protected":false},"author":3,"featured_media":749,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[83,4,3],"tags":[174,84],"class_list":["post-748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-markets","category-breaking-news","category-cover","tag-inflation","tag-nbs"],"aioseo_notices":[],"featured_image_urls":{"full":["https:\/\/facthubafrica.com\/wp-content\/uploads\/2026\/02\/PJM-INFLATION-FALL-WEB-LR.jpg",700,394,false],"thumbnail":["https:\/\/facthubafrica.com\/wp-content\/uploads\/2026\/02\/PJM-INFLATION-FALL-WEB-LR-300x300.jpg",300,300,true],"medium":["https:\/\/facthubafrica.com\/wp-content\/uploads\/2026\/02\/PJM-INFLATION-FALL-WEB-LR-300x169.jpg",300,169,true],"medium_large":["https:\/\/facthubafrica.com\/wp-content\/uploads\/2026\/02\/PJM-INFLATION-FALL-WEB-LR.jpg",640,360,false],"large":["https:\/\/facthubafrica.com\/wp-content\/uploads\/2026\/02\/PJM-INFLATION-FALL-WEB-LR.jpg",640,360,false],"1536x1536":["https:\/\/facthubafrica.com\/wp-content\/uploads\/2026\/02\/PJM-INFLATION-FALL-WEB-LR.jpg",700,394,false],"2048x2048":["https:\/\/facthubafrica.com\/wp-content\/uploads\/2026\/02\/PJM-INFLATION-FALL-WEB-LR.jpg",700,394,false],"morenews-large":["https:\/\/facthubafrica.com\/wp-content\/uploads\/2026\/02\/PJM-INFLATION-FALL-WEB-LR.jpg",700,394,false],"morenews-medium":["https:\/\/facthubafrica.com\/wp-content\/uploads\/2026\/02\/PJM-INFLATION-FALL-WEB-LR-590x394.jpg",590,394,true]},"author_info":{"info":["Publisher"]},"category_info":"Economy & Markets<\/a> Breaking News<\/a> Cover<\/a>","tag_info":"Cover","comment_count":"0","_links":{"self":[{"href":"https:\/\/facthubafrica.com\/index.php\/wp-json\/wp\/v2\/posts\/748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/facthubafrica.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/facthubafrica.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/facthubafrica.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/facthubafrica.com\/index.php\/wp-json\/wp\/v2\/comments?post=748"}],"version-history":[{"count":1,"href":"https:\/\/facthubafrica.com\/index.php\/wp-json\/wp\/v2\/posts\/748\/revisions"}],"predecessor-version":[{"id":750,"href":"https:\/\/facthubafrica.com\/index.php\/wp-json\/wp\/v2\/posts\/748\/revisions\/750"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/facthubafrica.com\/index.php\/wp-json\/wp\/v2\/media\/749"}],"wp:attachment":[{"href":"https:\/\/facthubafrica.com\/index.php\/wp-json\/wp\/v2\/media?parent=748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/facthubafrica.com\/index.php\/wp-json\/wp\/v2\/categories?post=748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/facthubafrica.com\/index.php\/wp-json\/wp\/v2\/tags?post=748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}