Nigeria’s headline inflation rate dropped to 18.02% in September 2025, down from 20.12% recorded in August, marking the sixth consecutive decline this year.
The National Bureau of Statistics (NBS) revealed this in its latest Consumer Price Index (CPI) and Inflation Report released on Tuesday. According to the data, the inflation rate fell by 0.72% month-on-month, while food inflation recorded a -1.57% MoM decline.
“In September 2025, the headline inflation rate eased to 18.02% compared to 20.12% in August. The month-on-month inflation rate stood at 0.72%, while the food inflation rate decreased by 1.57%,” the NBS stated.
Economic analyst and CEO of Financial Derivatives Company, Bismark Rewane, projected that inflation could further moderate to 18% by November 2025.
However, experts caution that the recent surge in fuel and cooking gas prices might reverse the trend, potentially driving up future inflation figures and worsening the cost of living for Nigerians.
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