Nigeria’s headline inflation price eased barely to fifteen.10% in January 2026, down from 15.15% recorded in December 2025, as meals costs posted a big month-to-month decline.
In keeping with the newest Shopper Worth Index (CPI) report launched by the Nationwide Bureau of Statistics (NBS) on Monday, the CPI fell to 127.4 in January from 131.2 in December, reflecting a 3.8-point decline.
On a year-on-year foundation, headline inflation slowed by 12.51 proportion factors from 27.61% in January 2025 to fifteen.10% in January 2026.
On a month-on-month foundation, the inflation price stood at -2.88% in January, in comparison with 0.54% in December, indicating that common costs declined in the course of the month.
Nonetheless, the twelve-month common inflation price rose to 21.97% in January 2026, in comparison with 17.59% in January 2025, highlighting that value pressures stay elevated when assessed over an extended horizon.
Meals inflation recorded one of many sharpest declines within the report. On a year-on-year foundation, meals inflation slowed to eight.89% in January 2026 from 29.63% in January 2025.
On a month-on-month foundation, meals costs dropped by -6.02% in January, in comparison with -0.36% in December. The bureau attributed the decline to reductions within the costs of water yam, eggs, inexperienced peas, groundnut oil, soya beans, palm oil, maize, guinea corn, beans, beef, melon and cassava.
The twelve-month common meals inflation price stood at 20.29%, considerably decrease than the 38.47% recorded in January 2025.
The NBS report reveals that subnational inflation pressures stay intense in January 2026, regardless of a month-on-month moderation throughout many of the high-cost states.
Beneath are the highest 10 costliest states to stay in Nigeria in January 2026, based on the newest CPI knowledge from the NBS:
Niger posted an all-items index of 126.3 in January 2026, with a year-on-year improve of 16.9%. On a month-on-month foundation, inflation slowed by 4.2% in comparison with December 2025, signalling some short-term easing in value pressures.
Meals inflation rose 12.2% 12 months on 12 months, however declined 7.1% month on month. The sharper month-to-month decline in meals costs means that the January inflation studying was pushed extra by non-food elements corresponding to transport and family providers.
As a serious agricultural state in North Central Nigeria, Niger advantages from crop manufacturing and proximity to Abuja. Nonetheless, rising logistics prices and insecurity alongside main transport corridors proceed to feed into broader client costs.
