Nigeria’s inflation rate fell marginally to 15.06 percent in February, down from 15.1 percent in January, the National Bureau of Statistics reported on Monday.
The data was published in the Consumer Price Index (CPI) report for February, showing a slight moderation in the pace of rising consumer prices across the country. Analysts say the easing reflects a modest slowdown in inflationary pressures, though the rate remains elevated compared to historical averages.
The NBS report is expected to provide further details on the components driving the decline, including trends in food prices, energy costs, and other key sectors of the economy.
Economists note that the marginal drop offers some relief to households and businesses, but continued policy measures may be necessary to sustain a meaningful reduction in inflation and improve the purchasing power of Nigerian consumers.
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