Nigeria’s inflation rate declined slightly to 15.06 per cent in February 2026, down from 15.10 per cent recorded in January, according to the latest Consumer Price Index (CPI) and inflation report released on Monday by the National Bureau of Statistics.

The report indicated that the country’s headline inflation rate dropped by 0.04 percentage points on a month-to-month basis, reflecting a marginal slowdown in overall price increases.

Despite the slight decline in headline inflation, food inflation rose significantly, climbing to 12.12 per cent in February compared with 8.89 per cent in January, highlighting continued pressure on food prices.

According to the statistics agency, the month-on-month headline inflation rate for February stood at 2.01 per cent, which was 4.89 percentage points higher than the -2.88 per cent recorded in January. This suggests that although the overall inflation rate eased slightly, the pace at which average prices increased during February was faster than in the previous month.

Earlier projections by the Financial Derivatives Company had estimated that February’s headline inflation would fall to 14.07 per cent.