Nigeria’s Inflation Drops to 15.06% in February
National Bureau of Statistics (NBS) on Monday said headline inflation eased to 15.06 per cent in February 2026 from 15.10 per cent recorded in January 2026. This was contained in the Consumer Price Index (CPI) report of February 2026.
The report said, “In February 2026, the Headline inflation rate eased to 15.06%, down from 15.10% in January 2026.” NBS added that the CPI increased to 130.0 in February 2026, up 2.6 points from the previous month (127.4).
According to the report, the movement shows that the February 2026 Headline inflation rate decreased by 0.04% compared to the January 2026 Headline inflation rate.
On a year-on-year basis, said NBS, the Headline inflation rate was 11.21 per cent lower than the rate recorded in February 2025 (26.27 per cent).
This shows that the Headline inflation rate (year-on-year) decreased in February 2026 compared with the same month in the previous year (i.e., February 2025).
The report further said on a month-on-month basis, the Headline inflation rate in February 2026 was 2.01 per cent, which was 4.89 per cent higher than the rate recorded in January 2026 (-2.88 per cent).
It explained that in February 2026, the rate of increase in the average price level was higher than the rate in January 2026. BUA Cement Rallies to Record High Ahead of N10 Dividend Proposal
