The Nigerian inflation rate, as reported by the National Bureau of Statistics (NBS), eased significantly in September 2025.
Here are the key details:
Headline Inflation Rate (Year-on-Year): Eased to 18.02% in September 2025.
Previous Rate (August 2025): 20.12%.
Drop in Rate: A deceleration of 2.1 percentage points (from 20.12% to 18.02%).
This marked the sixth consecutive monthly decline in the country's headline inflation rate. The moderation was largely driven by a significant easing in the Food Inflation rate.
Food Inflation Rate (September 2025): Eased to 16.87% (down from 21.87% in August).
This drop in food prices is attributed to improved supply conditions and seasonal harvests.
Month-on-Month Inflation: The headline inflation rate for September 2025 was 0.72%.
Monetary Policy Context: The Central Bank of Nigeria (CBN) had cut its benchmark interest rate in September, citing projections for continued disinflation.