The National Bureau of Statistics (NBS) on Monday said Nigeria’s inflation rate declined marginally from 15.1 percent in January to 15.06 percent in February.
The data is captured in the NBS consumer price index (CPI) report for February.
According to the NBS, the CPI, which measures the rate of change in prices of goods and services, declined by 0.04 percent (month-on-month) compared to the January 2026 headline inflation rate.
“On a year-on-year basis, the Headline inflation rate was 11.21% lower than the rate recorded in February 2025 (26.27%),” the bureau said.
“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 increase in the average price level was higher than the rate of increase in the average price level in January 2026.”
The statistics firm said the percentage change in the average CPI for the twelve months ending February 2026 over the average for the previous twelve-month period was 21.03 percent, showing a 3.02 percent increase compared to 18.01 percent recorded in February 2025.
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