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

According to the National Bureau of Statistics, Nigeria's headline inflation rate decreased to 15.06% in February 2026, down from 15.10% in January 2026. This slight moderation indicates a slower pace of price increases across the economy.

The Consumer Price Index (CPI) rose to 130.0 in February 2026 from 127.4 in January, reflecting a 2.6-point increase within the month. Year-on-year, the inflation rate was significantly lower at 11.21% compared to 26.27% in February 2025.

However, on a monthly basis, inflation rose by 2.01% in February 2026, compared to a decline of 2.88% in January. Food prices were the largest driver of inflation, contributing 6.03 percentage points to the overall index.

Urban inflation stood at 15.53%, while rural inflation was at 13.93%. Food inflation was recorded at 12.12% year-on-year, with a monthly increase of 4.69% in February 2026.