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Analysts expect January inflation to rise to 18.89% on base effects

Analysts expect Nigeria’s headline inflation rate to rise when January data is published, citing base effects linked to the revised consumer price index series rather than market price.


According to separate reports, analysts expect January inflation to rise to around 18.98 percent, reflecting a temporary uptick rather than renewed price acceleration.


Data from the National Bureau of Statistics (NBS) show headline inflation declined to 15.15 percent year-on-year (YoY) in December 2025, down from 17.33 percent in November, driven by slower growth in both food and core inflation components.

January inflation expectation

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