Nigeria Nigeria's Inflation Rate Drops Slightly to 15.10% in January 2026 - NBS

The Digest:

Nigeria's headline inflation eased marginally to 15.10 per cent in January 2026, down from 15.15 per cent in December 2025, according to the National Bureau of Statistics (NBS). The figures, released Monday, come ahead of the Central Bank of Nigeria's Monetary Policy Committee meeting scheduled for February 23-24, 2026. The NBS had adopted a revamped methodology at the previous release, which it said better reflects real-world prices. The slight decline marks a modest improvement in the country's inflation trajectory, though prices remain elevated.

Key Points:

• The marginal decline offers slight relief to consumers facing high living costs.
• It provides the CBN with room to consider monetary policy adjustments at the upcoming MPC meeting.
• Households gain modest breathing room, while policymakers assess sustainability of the trend.
• This signals potential stabilisation in the economy after months of inflationary pressure.
• The timing, ahead of MPC, will influence interest rate decisions

The slight inflation dip, though marginal, may influence CBN's policy stance as it seeks to balance price stability with growth objectives.

Sources: Channels Television, NBS