Nigeria’s National Bureau of Statistics (NBS) has announced that inflation rate for September 2026 dropped to 14.63 per cent.
The NBS said in its monthly report of the Consumer Price Index, which measures inflation, on Thursday that the latest figure represented a decrease of 0.76 percentage points from August’s rate of 15.39 per cent and a significant decline from the 20.98 per cent recorded in September 2025.
According to the report, the headline inflation, on a month-on-month basis, fell by 0.06 per cent in September from 0.71 per cent in August, representing a decrease of 0.65 percentage points.
It noted that it is the third consecutive month that the rate would drop since June and that the average price level increased at a much slower rate in September than in the preceding month.
“On a month-on-month basis, the Headline inflation rate in September 2026 was 0.06%, which was 0.65% lower than the rate recorded in August 2026 (0.71%).
“This means that in September 2026, the rate of increase in the average price level was lower than the rate of increase in the average price level in August 2026,” the report said.
The report said that the food inflation rate was 19.59 per cent on a year-on-year basis, in September 2026, lower than the 20.16 per cent recorded in the same month of the preceding year.
GIK/APA