Key figure
Direct answer
Nigeria's latest inflation rate is 15.10%.
That is the headline inflation rate from Nigeria's January 2026 Consumer Price Index release. It is the official national measure of how quickly overall consumer prices are rising.
Headline inflation
15.10%
January 2026
Month-on-month CPI move
-2.88%
Prices fell on a monthly basis
Food inflation context
Cooling
Pressure is lower than the 2024 spike, but food still matters most to households
Current read
Lower than 2024
The emergency phase has eased, not disappeared
What this means
A lower inflation rate does not mean prices are falling back to old levels. It means prices are rising more slowly than before.
That matters because households still buy at the new, higher price base created during the 2023-2024 inflation surge.
In simple terms: inflation has cooled, but living costs can still feel heavy.