Nigeria’s headline inflation rate fell to 15.1 percent in January, down slightly from 15.15 percent in December 2025.

The National Bureau of Statistics made this disclosure in its latest update on the country’s consumer price index on Monday.

“The January 2026 Headline inflation rate showed a decrease of 0.05 per cent compared to the December 2025 Headline inflation rate.

“On a year-on-year basis, the Headline inflation rate was 12.51 per cent lower than the rate recorded in January 2025 (27.61 per cent).

“This shows that the Headline inflation rate (year-on-year basis) decreased in January 2026 compared to the same month in the preceding year (i.e., January 2025).

“On a month-on-month basis, the Headline inflation rate in January 2026 was -2.88 per cent, which was 3.42 per cent lower than the rate recorded in December 2025 (0.54 per cent),” the NBS said.

The agency also reported that Nigeria’s food inflation rate stood at 8.89 per cent in January on a year-on-year basis.

According to the bureau, this is 20.74 percentage points lower than the 29.63 percent recorded in December 2025.

“On a month-on-month basis, the food inflation rate in January 2026 was -6.02%, down by 5.66% compared to December 2025 (-0.36 per cent).

“The decrease can be attributed to the rate of decrease in the average prices of Water Yam, Eggs, Green Peas, Groundnut Oil, Soya Beans, Palm Oil, Maize (Corn) Grains, Guinea Corn, Beans, Beef Meat, Melon (Egusi) Unshelled, Cassava Tuber, Cow Peas (White) etc.

“The average annual rate of food inflation for the twelve months ending January 2026 over the previous twelve-month average was 20.29 per cent, which was 18.18 per cent points lower compared with the average annual rate of change recorded in January 2025 (38.47 per cent),”the report said.