The Client Worth Index (CPI) which measures the speed of change in costs of products and commodities dropped by 0.04 per cent to fifteen.06 per cent in February in comparison with 15.10 per cent in January, the Nationwide Bureau of Statistics (NBS) disclosed Monday.
This represented 12 months of consecutive decline following an intensive financial tightening marketing campaign by the Central {Bank} of Nigeria (CBN), resulting in a current 50 foundation factors discount within the benchmark rate of interest to 26.5 per cent from 27 per cent.
Yr-on-year, headline inflation decreased by 11.21 per cent in comparison with 26.27 per cent in February 2025.
Month-on-month, nevertheless, inflation elevated to 2.01 per cent in February, a 4.89 per cent leap in comparison with -2.88 per cent in January, the NBS acknowledged in its CPI report for the month underneath overview.
Yr-on-year, meals inflation stood at 12.12 per cent in comparison with 26.98 per cent in February 2025.
Nonetheless, on month-on-month, the meals index rose by 10.70 per cent to 4.69 per cent in comparison with -6.02 per cent in January.
The NBS attributed the spike in meals inflation to the speed of enhance in common costs of beans, carrots, okazi leaf, cassava tuber, crayfish, millet flour, yam flour, snails, avenger (ogbono/apon) – dried ungrinded, and cow peas amongst others.
The “All gadgets much less farm produces and power” or core inflation, which excludes the costs of risky agricultural produces and power, stood at 15.88 per cent, year-on-year in February, indicating 9.78 per cent decline in comparison with 25.66 per cent in February 2025.
Month-on-month, nevertheless, core inflation elevated to 0.89 per cent in comparison with -1.69 per cent in January.
Additionally, year-on-year, city inflation stood at 15.53 per cent in comparison with 28.49 per cent in February 2025.
Additionally, month-on-month, the city index rose to 2.55 per cent in February in comparison with -2.72 per cent in January.
Alternatively, rural inflation stood at 13.93 per cent year-on-year in comparison with 22.73 per cent in February 2025.
Month-on-month, rural inflation elevated to 0.71 per cent in comparison with -3.29 per cent in February.
At state degree, year-on-year, headline inflation was highest in Kogi (23.57 per cent), Benue (22.85 per cent), and Anambra (22.09 per cent), whereas Katsina (7.78 per cent), Imo (11.66 per cent) and Ebonyi (11.71 per cent) lowest rise in costs.
Month-on-month, nevertheless, the very best value will increase was in Enugu (5.92 per cent), Ogun (4.39.per cent) and Anambra (4.11.per cent), whereas Zamfara (-2.14 per cent), Bauchi (-1.23 per cent), and Katsina (-1.06 per cent) recorded a decline.
Yr-on-year, meals inflation was highest in Kogi (26.91.per cent), Adamawa (23.12 per cent), and Benue (21.89 per cent), whereas Katsina (5.09.per cent), Bauchi (7.09 per cent), and Imo (7.65 per cent) recorded the slowest rise.
Nonetheless, month-on-month, the meals index was highest in Bayelsa (8.81 per cent), Ebonyi (8.51 per cent) and Edo (7.72 per cent), whereas Katsina (-0.70 per cent), Nasarawa (0.17 per cent), and Kano (1.39 per cent) decline within the overview interval.
James Emejo
TopHeadlines