The NBS said the January headline inflation rate was 0.05 percentage points lower than the rate recorded in December. On a year-on-year basis, the headline inflation rate was 15.10 per cent in January 2026, which is 12.51 percentage points lower than the 27.61 per cent recorded in January 2025. “In January 2026, the Headline inflation rate eased to 15.10 per cent, down from 15.15 per cent in December 2025. The twelve-month average core inflation rate was 22.84 per cent, lower than the 27.24 per cent recorded in January 2025. Ebonyi, Katsina and Imo recorded the lowest year-on-year headline inflation rates at 8.72 per cent, 8.94 per cent and 10.61 per cent, respectively.

Source: Punch February 16, 2026 15:43 UTC