Recent Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) has shown that Nigeria’s headline inflation rate decreased to 18.02% in September 2025 from 20.12% in August 2025, marking a significant 2.1 percentage point drop. This is the sixth consecutive month of declining inflation since April 2025, following earlier statistical adjustments including a change in the base year and reweighting of the consumer price basket.
Year-on-year, the inflation rate in September 2025 is 14.68 percentage points lower than the 32.70% recorded in September 2024 with Monthly inflation slightly decreasing from 0.74% in August to 0.72% in September 2025.
Additionally, Food inflation, which heavily influences household expenses, has declined to 16.87% in September from 21.87% in August this year due to improved supply conditions and seasonal harvests. However, On a monthly basis, food inflation turned negative at -1.57%, down from 1.65% in August, driven by reductions in prices of items like maize, grains, beans, potatoes, onions, eggs, tomatoes, and peppers.
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