US EditionBREAKING: Nigeria's Inflation Eases to 15.06% in February
Annual food inflation fell 18.31 points to 19.08% year-on-year despite monthly food prices rising 4.69%, according to the National Bureau of Statistics.
- On Monday, the National Bureau of Statistics disclosed Nigeria's inflation rate eased to 15.06 per cent in February 2026 from 15.10 per cent in January 2026.
- Month-on-Month data show food inflation rose to 4.69 per cent in February 2026, driven by higher prices for beans, cassava, yam flour, crayfish and other staples, the NBS said.
- On a month-on-month basis, the headline inflation rate in February 2026 was 2.01%, which was 4.89% higher than January 2026 , despite a 0.04 percentage point year-on-year decline.
- Forecasts diverged from the official release, as the Financial Derivatives Company had forecasted 14.07 per cent inflation while food inflation rose to 12.12 per cent, increasing household food costs.
- Over the past year, average annual food inflation eased to 19.08 per cent, down 18.31 percentage points from February 2025, the NBS said.
22 Articles
22 Articles
Nigeria: Food Prices Rise Despite Drop in Inflation
Despite the drop of Nigeria's Headline Inflation figure to 15.06 percent in the month of February, increase in prices of some food commodities saw a spike in monthly food inflation, the National Bureau of Statistics has reported.
Inflation Drops To 15.06% - NBS
Nigeria’s headline inflation rate declined marginally to 15.06 per cent in February, according to the latest report released by the National Bureau of Statistics (NBS). The report noted that the February figure represents a 0.04 percentage point decrease compared with the 15.10 per cent recorded in January 2026. On a year-on-year basis, the headline inflation rate was 11.21 percentage points lower than the 26.27 per cent recorded in February 202…
BREAKING: Nigeria's inflation eases to 15.06% in February
Nigeria’s inflation rate eased to 15.06 per cent in February 2026, down from 15.10 per cent in January. The National Bureau of Statistics, NBS, disclosed this in its February Consumer Price Index and inflation report released on Monday. According to the NBS, the country’s headline inflation declined by 0.04 percentage points on a month-to-month basis. However, food inflation rose to 12.12 per cent in February from 8.89 per cent the previous mont…
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