By Seun Ibiyemi
Nigeria’s headline inflation rate dropped to 18.02 percent in September 2025, down from 20.12 percent recorded in August, according to the latest report by the National Bureau of Statistics (NBS).
The data indicates a slowdown in the pace of price increases across major sectors of the economy, offering some relief to consumers and policymakers.
On a month-on-month (MoM) basis, the headline inflation rate stood at 0.72 percent, reflecting a moderation in the rate of price growth.
The NBS noted that the decline was driven largely by easing food prices and improved supply conditions in key markets.
Food inflation, which has been a major driver of overall inflation, also recorded a significant improvement, with a -1.57 percent MoM change.
This means that average food prices declined in September compared to the previous month, signaling a potential stabilization in the food supply chain.