President Tinubu
The Consumer Price Index report released by the National Bureau of Statistics (NBS) for the month of January has confirmed that the country’s headline inflation rate has reduced to 15.10%, marking the tenth straight monthly decline.
The NBS data showed that the inflation had decreased by 0.05 percentage points from the 15.15 percent recorded in December 2025.
It said the country’s inflation declined by 127.4 percent in January 2026, reflecting a 3.8 percentage point decrease from the preceding month.
Similarly, NBS said food inflation eased to 8.89 percent in January from 10.84 percent the previous month.
“The Consumer Price Index (CPI) declined to 127.4 in January 2026, reflecting a 3.8-point decrease from the preceding month (131.2).
“In January 2026, the headline inflation rate eased to 15.10%, down from 15.15% in December 2025.
“On a month-on-month basis, the headline inflation rate in January 2026 was -2.88%, which was 3.42% lower than the rate recorded in December 2025 (0.54%). This means that in January 2026, the rate of increase in the average price level was lower than the rate of increase in the average price level in December 2025,” NBS stated on X on Monday.
Recall that the inflation rate rose to 15.15 percent in December 2025, according to NBS.
Despite the disinflation in January 2026, Nigerians have continued to lament the rising cost of living nationwide.
Meanwhile, the latest data could encourage the central bank to cut interest rates next week, when it is scheduled to announce its first monetary policy decision of 2026.
