Nigeria’s headline inflation rate dropped to 18.02 percent in September 2025, down from 20.12 percent recorded in August, according to the National Bureau of Statistics (NBS).
The latest figure marks the sixth consecutive decline in the country’s inflation rate this year.
The NBS disclosed the data in its Consumer Price Index (CPI) and Inflation Report released on Tuesday.
According to the report, inflation fell by 0.72 percent on a month-on-month basis, while food inflation declined by 1.57 percent within the same period.
“In September 2025, the headline inflation rate eased to 18.02 percent relative to 20.12 percent in August,” the NBS stated. “The month-on-month headline inflation rate in September was 0.72 percent, while food inflation stood at -1.57 percent.”
The continued moderation in inflation follows various fiscal and monetary measures aimed at stabilizing prices and strengthening the naira.
Meanwhile, Chief Executive Officer of Financial Derivatives Company, Bismarck Rewane, projected in his recent analysis that Nigeria’s inflation could further ease to around 18 percent by November 2025.
However, analysts warn that the recent increase in fuel and cooking gas prices could put upward pressure on inflation in the coming months, potentially affecting household expenses and overall cost of living.