Nigeria’s Inflation Rate Falls to 18.02% in September
Nigeria’s inflation rate eased to 18.02 percent in September 2025, down from 20.12 percent in August, marking the sixth consecutive month of decline since April.
This is the first time in three years that the nation’s inflation has fallen below 20 percent, the National Bureau of Statistics (NBS) disclosed on Wednesday in its Consumer Price Index (CPI) report for September.
The NBS stated, “In September 2025, the headline inflation rate fell to 18.02 percent from 20.12 percent in August 2025.
“This represents a 2.1 percentage point decline month-on-month and a 14.68 percent drop compared to September 2024, when it stood at 32.7 percent.”
On a month-to-month basis, the headline inflation rate was 0.72 percent in September, slightly lower than August’s 0.74 percent, indicating a slower increase in average price levels.
Food inflation also recorded a significant drop, falling 5 percentage points to 16.87 percent in September from 21.87 percent in August.
The decline was driven by falling prices of maize, garri, beans, millet, potatoes, onions, eggs, tomatoes, and fresh pepper.
The monthly food inflation rate also turned negative at -1.57 percent, compared to 1.65 percent in August.
Regionally, food inflation was highest in Ekiti (28.68%), Rivers (24.18%), and Nasarawa (22.74%), while Bauchi (2.81%), Niger (8.38%), and Anambra (8.41%) recorded the slowest increases.
The NBS noted that part of the decline in food inflation is linked to a change in the base year for measurement, now set at November 2009 = 100.
Titilope Adako is a talented and intrepid journalist, dedicated to shedding light on the untold stories of Osun State and Nigeria. Through incisive reporting, she tackles a broad spectrum of topics, from politics and social justice to culture and entertainment, with a commitment to accuracy, empathy, and inspiring positive change.
