Nigeria’s annual inflation rate eased further in January 2026, with the National Bureau of Statistics (NBS) reporting that headline inflation declined to 15.10 per cent, down slightly from 15.15 per cent in December 2025. This marks the tenth consecutive month of falling inflation, continuing the disinflation trend seen through 2025 and into early 2026.
The latest figures come ahead of the Central Bank of Nigeria’s (CBN) first Monetary Policy Committee meeting of the year, prompting speculation that policymakers may consider easing interest rates if price pressures continue to subside.
A notable component of the decline was food inflation, which slowed significantly in January compared with the previous month, contributing to the overall reduction in consumer price growth.
Economists say the sustained slide in inflation — driven by base effects from statistical rebasing and easing prices in key sectors — could support cost-of-living relief for households and improve economic stability if the trend persists.
