Pushed by hike in costs of beans, yam flour, others
—Kogi, Benue, Anambra report highest headline meals inflation charges; Katsina, Imo, Ebonyi lowest
LAGOS — Nigeria’s annual meals inflation fee reversed a six-month downward development, rising to 12.2 per cent in February, from 8.89 per cent in January, pushed by costs of beans, yam flour, cassava tuber, crayfish and different gadgets.
Equally, the month-to-month meals inflation fee reversed a two-month downward development and rose to 4.69 per cent in February from -6.02 per cent in January.
The Nationwide Bureau of Statistics, NBS, disclosed this yesterday in its Shopper Worth Index report for February.
Whereas the report confirmed additional decline within the annual headline inflation fee to fifteen.06 per cent in February from 15.10 per cent in January, it, nevertheless, confirmed a rise within the month-on-month (month-to-month) headline and meals inflation charges throughout the months.
The report said: “In February 2026, the headline inflation fee eased to fifteen.06 per cent, down from 15.10 per cent in January 2026.
“Trying on the motion, the February 2026 headline inflation fee confirmed a lower of 0.04% in comparison with the January 2026 headline inflation fee.
“On a year-on-year foundation, the headline inflation fee was 11.21 per cent decrease than the speed recorded in February 2025 (26.27 per cent). This exhibits that the headline inflation fee (year-on-year foundation) decreased in February 2026 in comparison with the identical month within the previous yr (i.e., February 2025).
“On a month-on-month foundation, the headline inflation fee in February 2026 was 2.01 per cent, which was 4.89 per cent greater than the speed recorded in January 2026 (-2.88 per cent). Which means that in February 2026, the speed of improve within the common worth degree was greater than the speed of improve within the common worth degree in January 2026.
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Meals inflation
“The meals inflation fee in February 2026 was 12.12 per cent on a year-on-year foundation. This was 14.86 per cent factors decrease in comparison with the speed recorded in February 2025 (26.98 per cent).
“Nonetheless, on a month-on-month foundation, the meals inflation fee in February 2026 was 4.69 per cent, up by 10.70 per cent in comparison with January 2026 (-6.02 per cent). The rise might be attributed to the speed of improve within the common costs of beans, carrots, okazi leaf, cassava tuber, crayfish, millet flour, yam flour, snails, avenger (Ogbono/Apon) – dried ungrinded, cow peas, and so on.
“The typical annual fee of meals inflation for the 12 months ending February 2026 over the earlier 12-month common was 19.08%, which was 18.31% factors decrease in contrast with the typical annual fee of change recorded in February 2025 (37.40%).’’
States inflation
The NBS report additionally confirmed that Kogi State recorded the very best headline and meals inflation charges of 23.57% and 26.91% respectively in February.
The report said: “In February 2026, the All-Gadgets inflation fee on a Yr-on-Yr foundation was highest in Kogi (23.57%), Benue (22.85%), and Anambra (22.09%), whereas Katsina (7.78%), Imo (11.66%) and Ebonyi (11.71%) recorded the bottom rise in headline inflation on a Yr-on-Yr foundation.
“On a Month on-Month foundation, nevertheless, February 2026 recorded the very best will increase in Enugu (5.92%), Ogun (4.39%) and Anambra (4.11%), whereas Zamfara (-2.14%), Bauchi (-1.23%), and Katsina (-1.06%) recorded a decline within the Month-on-Month inflation.
“Meals inflation on a Yr-on-Yr foundation was highest in Kogi (26.91%), Adamawa (23.12%), and Benue (21.89%), whereas Katsina (5.09%), Bauchi (7.09%), and Imo (7.65%) recorded the slowest rise in Meals inflation on a Yr-on-Yr foundation. On a Month-on-Month foundation, nevertheless, February 2026 Meals inflation was highest in Bayelsa (8.81%), Ebonyi (8.51%) and Edo (7.72%), whereas Katsina (-0.70%).”
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