February 17, 2026/Coronation Merchant Bank Economic Research

Summary
Headline inflation for January inched down by 5bps to 15.10% y/y from 15.15% y/y in December 2025, extending the disinflation trend observed in 2025.

On a month-on-month basis, consumer prices contracted by 2.88% from 0.54% in prior month indicating a decline in the general price level, supported by easing food price pressures and relative exchange rate stability.

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