Nigeria’s inflation drops to 18.02%

File: Inflation

Nigeria’s headline inflation rate dropped to 18.02 per cent in September compared to 20.12 per cent in August.

This was disclosed by the National Bureau of Statistics on Wednesday, indicating the sixth consecutive month of deceleration in inflation.

According to NBS, on a year-on-year basis, the headline inflation rate was 14.68 per cent lower than the rate recorded in September 2024 (32.70 per cent), showing that the headline inflation rate (year-on-year basis) decreased in September 2025 compared to the same month in the preceding year.

“However, on a month-on-month basis, the Headline inflation rate in September 2025 was 0.72 per cent, which was 0.02 per cent lower than the rate recorded in August 2025 (0.74 per cent). This means that in September 2025, the rate of increase in the average price level was lower than the rate of increase in the average price level in August 2025,” disclosed part of the report.

Food inflation rate in September 2025 was 16.87 per cent on a year-on-year basis. This was 20.9 per cent points lower compared to the rate recorded in September 2024 (37.77 per cent) and Core inflation (All items less farm produces and energy) stood at 19.53 per cent in September 2025 on a year-on-year basis; declined by 7.9 per cent when compared to the 27.43 per cent recorded in September 2024.