Nigeria’s National Bureau of Statistics (NBS) has announced that the country’s inflation rate dropped to 18.02 per cent in September 2025.
The NBS said in its monthly report of the Consumer Price Index (CPI), which measures inflation that the inflation rate for September was 2-1 per cent less than the figure of 20,12 per cent recorded in August this year.
According to the report released on Wednesday, the September figure marked the 6th consecutive month of decline since April 2025 and that it is the first time in three years that the nation’s inflation rate fell below 20 per cent.
The NBS stated that on a year-on-year basis, the Headline inflation rate was 14.68% lower than the rate recorded in September 2024 (32.7 per cent).
“This shows that the Headline inflation rate (year-on-year basis) decreased in September 2025 compared to the same month in the preceding year (September 2024), though with a different base year,
“However, on a month-on-month basis, the Headline inflation rate in September 2025 was 0.72 per cent, which was 0.02 per cent lower than the rate recorded in August 2025 (0.74 per cent).
“This means that in September 2025, the rate of increase in the average price level was lower than the rate of increase in the average price level in August 2025,” the NBS said.
On Food inflation, the NBS explained that inflation declined by 5.0 percentage points to 16.87 per cent in September, compared to 21.87 per cent in August 2025, attributing it to the decline in the average prices of maize (corn) grains, garri, beans, millet, potatoes, onions, eggs, tomatoes, fresh pepper, etc.
GIK/APA