Nigeria’s Inflation rate drops to 18.02%

Nigeria’s headline inflation rate eased to 18.02 per cent in September 2025, down from 20.12 per cent recorded in August, according to the latest Consumer Price Index (CPI) and Inflation Report released by the National Bureau of Statistics (NBS) on Tuesday.

The report shows that inflation fell by 0.72 per cent month-on-month, marking the sixth consecutive decline this year and signalling gradual economic stability and improved price control measures across key sectors.

The NBS noted that food inflation also recorded a month-on-month decrease of -1.57 per cent, reflecting slight relief in the prices of staple food items.

“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 month-on-month headline inflation rate in September 2025 was 0.72 per cent. The food inflation rate was -1.57 per cent month-on-month,” the bureau stated.

Economic analyst and CEO of Financial Derivatives Company, Bismark Rewane, projected in his recent report that Nigeria’s inflation could further moderate to around 18 per cent by November 2025 if the current trend continues.

However, experts warn that the recent increases in fuel and cooking gas prices may affect subsequent inflation figures, potentially slowing the pace of decline and putting additional pressure on the cost of living for Nigerians.