The National Bureau of Statistics (NBS) has announced that Nigeria’s headline inflation rate has fallen once again, this time, to 18.02 percent in September 2025.
The decline marks the sixth consecutive month of slowdown, with inflation consistently easing since April 2025. It is the lowest level since June 2022.
According to the latest Consumer Price Index (CPI) report released on Wednesday, the current figure represents a 14.68 percent drop compared to the 32.70 percent recorded in September 2024.
The NBS said on a month-on-month basis, inflation rose by 0.72 percent, slightly lower than the 0.74 percent recorded in August, indicating a slower rate of price increase.
Meanwhile, food inflation also eased to 16.87 percent year-on-year in September, down by 20.9 percentage points from 37.77 percent a year earlier. The bureau attributed the drop to a decline in the prices of maize, garri, beans, millet, potatoes, onions, eggs, tomatoes, and fresh pepper.
Across states, Ekiti (28.68%), Rivers (24.18%), and Nasarawa (22.74%) recorded the highest food inflation year-on-year, while Bauchi (2.81%), Niger (8.38%), and Anambra (8.41%) had the lowest.
On a month-on-month basis, food inflation was highest in Zamfara (15.62%), Ekiti (12.77%), and Sokoto (12.55%), while Akwa Ibom (-12.97%), Borno (-12.95%), and Cross River (-10.36%) saw the sharpest declines.
