Nigeria’s inflation rate falls to 18.02% in September

Nigeria’s inflation rate continued its downward trend in September 2025, falling to 18.02 percent from 20.12 percent in August, marking the sixth consecutive monthly decline since April, the National Bureau of Statistics (NBS) reported

Food inflation also eased, dropping to 19.53 percent in September from 21.87 percent in August, reflecting improved supply conditions and seasonal harvests.

Economists say the slowdown in price growth could influence the Central Bank of Nigeria’s monetary policy, which recently cut its benchmark interest rate by 50 basis points to 27 percent—the first reduction since 2020—as part of efforts to stabilize the economy and move toward single-digit inflation.

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