WorldStage– Nigeria’s, Africa’s fourth largest economy has recorded a reduction in the February inflation rate to 15.06%, down from 15.10% in January 2026, according to the latest Consumer Price Index (CPI) data released on Monday by National Bureau of Statistics (NBS),
NBS said the February 2026 Headline inflation rate showed a decrease of 0.04% compared to the January 2026 Headline inflation rate.
According to the report, the Consumer Price Index (CPI) increased to 130.0 in February 2026, reflecting a 2.6-point increase from the preceding month (127.4).
“On a year-on-year basis, the Headline inflation rate was 11.21% lower than the rate recorded in February 2025 (26.27%). This shows that the Headline inflation rate (year-on-year basis) decreased in February 2026 compared to the same month in the preceding year (i.e., February 2025).
“On a month-on-month basis, the Headline inflation rate in February 2026 was 2.01%, which was 4.89% higher than the rate recorded in January 2026 (-2.88%). This means that in February 2026, the rate of in-crease in the average price level was higher than the rate of increase in the average price level in January 2026.
According to the NBS, Food inflation rate in February 2026 was 12.12% on a year-on-year basis. This was 14.86% points lower compared to the rate recorded in February 2025 (26.98%). “However on a month-on-month basis, the Food inflation rate in February 2026 was 4.69%, up by 10.70% compared to January 2026 (-6.02%).
“The increase can be attributed to the rate of increase in the average prices of Beans, Carrots, Okazi Leaf, Cassava Tuber, Crayfish, Millet Flour, Yam Flour, Snails, Avenger (Ogbono/Apon) – dried ungrinded, cow peas, etc.
“The average annual rate of Food inflation for the twelve months ending February 2026 over the previous twelve-month average was 19.08%, which was 18.31% points lower compared with the average annual rate of change recorded in February 2025 (37.40%).”
