- Safiu Kehinde
Nigeria’s headline inflation rate has again recorded a sharp drop to 15.10% in January 2026.
This was disclosed in the latest Consumer Price Index (CPI) report released by the Nigeria Bureau of Statistics (NBS) on Monday.
According to the NBS, the January headline inflation rate recorded a drop to 15.10 percent as against the 15.15 percent recorded in December 2025.
This showed a decrease of 0.05% compared to the December 2025 Headline inflation rate.
On a month-on-month basis, the Headline inflation rate in January 2026 was pegged at -2.88%, which was 3.42% lower than the rate recorded in December 2025 (0.54%).
This means that in January 2026, the rate of increase in the average price level was lower than the rate of increase in the average price level in December 2025.
On a year-on-year basis, the Headline inflation rate was 12.51% lower than the rate recorded in January 2025 (27.61%).
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).
Also seeing a drastic drop in the latest report is Urban Inflation which, on a year-on-year basis in January 2026, stood at 15.36%,.
This was 14.09% points lower compared to the 29.45% recorded in January 2025.
On a month-on-month basis, the Urban inflation rate was -2.72% in January 2026, down by 3.71% compared to December 2025 (0.99%).
On the other hand, the Rural inflation rate in January 2026 was 14.44% on a year-on-year basis.
This was 10.60% points lower compared to the 25.04% recorded in January 2025.
On a month-on-month basis, the Rural inflation rate in January 2026 was -3.29%, down by 2.74% compared to December 2025 (-0.55%).