Inflation Rate Drops Again

Nigeria’s headline inflation dropped to 18.02 per cent in September 2025, down from 20.12 per cent in August.
This is the sixth consecutive headline inflation drop in Nigeria this year.
National Bureau of Statistics, NBS, disclosed this in its Consumer Price Index and Inflation Data released on Tuesday.
NBS data showed that the country’s inflation declined by 0.72 per cent on a month-on-month basis.
The CPI data noted that the food inflation rate was -1.57 per cent month-on-month.
“In September 2025, the headline inflation rate eased to 18.02 per cent relative to the August 2025 inflation rate of 20.12 per cent.
“The MoM headline inflation rate in September 2025 was 0.72 per cent.
“The food inflation rate was -1.57 per cent MoM,” the NBS stated.
The development comes as Chief Executive Officer of Financial Derivatives Company, Bismark Rewane, in his latest analysis, said Nigeria’s inflation would moderate to 18 per cent in November 2025.
However, the recent hike in the prices of fuel and cooking gas could impact subsequent inflation figures and the cost of living for Nigerians.