Nigeria’s headline inflation rate slowed to 18.02% in September 2025, marking a decline from 20.12% recorded in August 2025.
This is according to the latest data released by the National Bureau of Statistics (NBS).
On a month-on-month (MoM) basis, the headline inflation rate stood at 0.72%, reflecting a moderation in price increases across key sectors.
The food inflation rate also showed a notable improvement, recording a -1.57% MoM change — indicating that average food prices declined in September compared to the previous month.
Inflation had peaked near 35% in December before the statistics office revised its base year and adjusted the weighting of items in its price basket earlier this year.
The Central Bank of Nigeria last month cut its benchmark interest rate for the first time since 2020, citing projections for continued disinflation.
Governor Olayemi Cardoso said the bank was targeting single-digit inflation and would maintain a data-driven approach to monetary policy.
(vitalnewsngr.com)
