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Nigeria’s Inflation Slips Slightly in February

Nigeria’s inflation eased slightly in February, slipping to 15.06 percent from 15.1 percent in January.

The National Bureau of Statistics (NBS) disclosed this in its February Consumer Price Index and inflation report released on Monday.

The NBS said the country’s headline inflation declined by 0.04 percentage points on a month-to-month basis.

However, food inflation rose to 12.12 percent in February from 8.89 percent the previous month.

The NBS said: “February 2026, the headline inflation rate eased to 15.06 per cent, down from 15.10 per cent in January 2026.

“On a month-on-month basis, the headline inflation rate in February 2026 was 2.01%, which was 4.89% higher than the rate recorded in January 2026 (-2.88%).

“This means 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.”

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