RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

Nigeria’s Inflation Eases to 15.06% in February 2026 Amid Mixed Price Pressures

Stephen Akudike by Stephen Akudike
March 17, 2026
in Economy
Reading Time: 2 mins read
A A
0
Nigeria’s Inflation Climbs to 19.6% in July 2022
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Nigeria’s headline inflation rate edged down slightly to 15.06% in February 2026, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Monday. The figure represents a modest improvement from 15.10% recorded in January 2026.

The CPI, which tracks the average change in prices paid by urban and rural households for goods and services, rose to 130.0 in February from 127.4 the previous month.

AlsoRead

CBN Directs Banks and Fintechs to Complete Cybersecurity Self-Assessment Within 21 Days

Nigeria Customs Service Auctions 14,875 Litres of Petrol Worth N14.875 Million in Lagos

33 Banks Meet CBN Recapitalisation Targets, Raising N4.65 Trillion as Programme Concludes

While the year-on-year headline rate showed continued moderation down from 28.49% in urban areas and 22.73% in rural areas in February 2025 the month-on-month trend revealed renewed pressure. Headline inflation accelerated to 2.01% month-on-month in February, a sharp reversal from the -2.88% contraction seen in January.

Urban inflation stood at 15.53% year-on-year (down from 28.49% a year earlier) but climbed 2.55% month-on-month. Rural inflation was 13.93% year-on-year (compared with 22.73% in February 2025) and rose 0.71% month-on-month.

Food inflation, a major driver of overall price levels, moderated significantly on an annual basis to 12.12% in February from 26.98% in the same month of 2025. The 12-month average food inflation rate through February 2026 stood at 19.08%, a substantial drop from 37.40% a year earlier.

However, monthly food price pressures intensified sharply, jumping to 4.69% month-on-month reversing the -6.02% recorded in January. The NBS highlighted price increases in staples and key items including beans, carrots, okazi leaf, cassava tuber, crayfish, millet flour, yam flour, snails, ogbono (dried and unground), and cow peas.

Core inflation, which strips out volatile food and energy components, followed a similar pattern: it eased to 15.88% year-on-year from 25.66% in February 2025, with the 12-month average at 22.00% (down from 27.25%). On a monthly basis, core inflation rose to 0.89% from -1.69% in January.

The latest data reflect ongoing progress in taming annual inflation consistent with the Central Bank of Nigeria’s December 2025 projection of an average headline rate of 12.94% for 2026, driven by expected easing in food costs and premium motor spirit (petrol) prices.

Yet the acceleration in month-on-month rates signals that short-term pressures persist, particularly in food and urban markets. Analysts attribute the rebound to seasonal factors, supply chain constraints, and lingering effects of global commodity volatility.

The NBS figures come as policymakers monitor the interplay between monetary tightening, reserve build-up, and domestic supply dynamics. With headline inflation now in the mid-teens down more than 12 percentage points from January 2025 levels the economy shows signs of disinflationary momentum, though the pace remains gradual and vulnerable to external shocks and local price movements.

Tags: #inflation#Nigeria
Previous Post

Naira Strengthens to N1,355/$ on Monday, Marking Strongest Level in Four Weeks

Next Post

Nigeria’s Crypto Transactions Hit $96bn as SEC Tightens Oversight

Related News

CBN Governor Yemi Cardoso to Address Policy Direction Amid Inflation Challenges

CBN Directs Banks and Fintechs to Complete Cybersecurity Self-Assessment Within 21 Days

by Victoria Attah
April 2, 2026
0

The Central Bank of Nigeria (CBN) has given deposit money banks three weeks to complete a new Cybersecurity Self-Assessment Tool...

Nigeria Customs Service Auctions 14,875 Litres of Petrol Worth N14.875 Million in Lagos

by Akpan Edidong
April 2, 2026
0

The Nigeria Customs Service (NCS), under its anti-smuggling initiative Operation Whirlwind, has auctioned 14,875 litres of Premium Motor Spirit (petrol)...

NEC Affirms CBN $3 Billion Loan for Naira Stability

33 Banks Meet CBN Recapitalisation Targets, Raising N4.65 Trillion as Programme Concludes

by Jide Omodele
April 2, 2026
0

The Central Bank of Nigeria (CBN) has confirmed that 33 banks have successfully met the revised minimum capital requirements under...

World Bank Emphasizes Cash Transfers to Break Poverty Cycle in Nigeria

World Bank Approves $500 Million Loan to Boost Nigeria’s Agricultural Productivity and Food Security

by Stephen Akudike
April 2, 2026
0

The World Bank has approved a $500 million International Development Association (IDA) credit to support Nigeria’s agriculture sector through a...

Next Post
 Top Story: Central Bank Raises MPR by 200 Basis Points to 24.75%

Nigeria's Crypto Transactions Hit $96bn as SEC Tightens Oversight

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

CBN Governor Yemi Cardoso to Address Policy Direction Amid Inflation Challenges

CBN Directs Banks and Fintechs to Complete Cybersecurity Self-Assessment Within 21 Days

April 2, 2026

Nigeria Customs Service Auctions 14,875 Litres of Petrol Worth N14.875 Million in Lagos

April 2, 2026

Popular Story

  • CBN Governor Yemi Cardoso to Address Policy Direction Amid Inflation Challenges

    CBN Directs Banks and Fintechs to Complete Cybersecurity Self-Assessment Within 21 Days

    0 shares
    Share 0 Tweet 0
  • FG to Sanction Elon Musk’s Starlink Over Regulatory Breach

    0 shares
    Share 0 Tweet 0
  • World Bank urges protection of Africa’s biodiversity

    0 shares
    Share 0 Tweet 0
  • US-China brawl drives down oil prices

    0 shares
    Share 0 Tweet 0
  • Nigeria Ranks 7th in the World For Mobile Phone Usage, NCC Reveals

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>