Nigeria’s Headline Inflation Rate Drops to 15.10% in Jan.
Nigeria’s headline inflation rate dropped to 15.10% in January, the consumer price index data released by the statistics office on Monday has revealed.
The moderated consumer price index was largely driven by food prices, with food inflation falling to 8.89% year -on -year, on improved harvests and better supply conditions across key staples.
The inflation position beat the majority of Broadstreet analysts’ expectations; a similar development was experienced in December 2025 as a result of the consumer price index normalisation.
Base effect on the consumer price data was projected to drive inflation surge, but the statistics office data has proven Broadstreet investment firms wrong again.
According to the National Bureau of Statistics (NBS), inflation reduced by 5 basis points month on month to 15.10% January, as against 15.15% reported in December 2025.
Core inflation rate also declined to 17.72% year on year, according to the consumer price index report launched in Abuja, from 18.63% in the comparable period last year. Food rate declined to 8.89%, statistics office data revealed, from 10.84%.
Overall, the data present a dovish signal ahead of the MPC meeting, raising expectations of a potential policy pause or rate cut as inflation trends toward the 2027 target. Fidelity Bank Gains 8% as Investors Price in Earnings Outlook
