Inflation eased to 15.06 percent in February, says NBS
The National Bureau of Statistics (NBS) on Monday said headline inflation eased to 15.06 per cent in February 2026 from 15.10 per cent recorded in January 2026. This was contained
The National Bureau of Statistics (NBS) on Monday said headline inflation eased to 15.06 per cent in February 2026 from 15.10 per cent recorded in January 2026.
This was contained in the Consumer Price Index (CPI) report of February 2026.
The report said, "In February 2026, the Headline inflation rate eased to 15.06%, down from 15.10% in January 2026."
NBS added that the CPI increased to 130.0 in February 2026, reflecting a 2.6-point increase from the preceding month (127.4).
According to the report, looking at the movement, the February 2026 Headline inflation rate showed a decrease of 0.04% compared to the January 2026 Headline inflation rate.
READ ALSO: NSIB begins probe of Abuja-Kaduna train incident
On a year-on-year basis, said NBS, the Headline inflation rate was 11.21 per cent lower than the rate recorded in February 2025 (26.27 per cent).
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).
The report further said on a month-on-month basis, the Headline inflation rate in February 2026 was 2.01 per cent, which was 4.89 per cent higher than the rate recorded in January 2026 (-2.88 per cent).
It explained 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.
Details shortly...
