The National Bureau of Statistics (NBS) says 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, released on Monday.
The NBS said 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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