Nigeria’s food inflation rate rose to 12.12 per cent year-on-year in February 2026, reversing the single-digit level recorded in January and signalling renewed pressure on household food costs. Data from the Consumer Price Index report released by the National Bureau of Statistics on Monday showed that the indicator increased from 8.89 per cent in January 2026 to 12.12 per cent in February, representing a rise of 3.23 percentage points. The February figure pushed food inflation back into double-digit territory after January’s sharp slowdown, which had marked the first single-digit reading in more than a decade..............................….......READ MORE