Nigeria's Inflation Rate Eases to 15.06% in February 2026

In February 2026, Nigeria's headline inflation rate decreased marginally to 15.06%, a slight drop from 15.10% recorded in January 2026. The latest data indicates that the Consumer Price Index (CPI), which measures the average price level of goods and services, rose to 130.0 in February from 127.4 in the previous month, reflecting a 2.6-point increase on a month-on-month basis.

Despite this slight easing in the headline inflation rate, inflationary pressures have intensified, with the rate standing at 2.01% in February 2026, marking a sharp increase of 4.89 percentage points compared to the 2.88% recorded in January 2026. This data highlights the ongoing challenges in managing inflation within the Nigerian economy.