NBS Reports Significant Food Price Declines in Nigeria

In September 2026, the National Bureau of Statistics (NBS) released a Consumer Price Index (CPI) report indicating mixed trends in food inflation across Nigeria. Kano and Bauchi experienced the sharpest month-on-month declines in food prices, with Adamawa recording the steepest decline at -13.84%, followed by Kano at -11.01% and Bauchi at -10.21%.

These negative figures suggest that average food prices fell in these states compared to August, providing some relief to consumers facing high living costs. However, the report also highlighted that lower food inflation does not equate to the cheapest food prices, as it merely reflects where prices decreased most significantly.

In contrast, Imo, Ondo, and Oyo recorded the highest month-on-month food inflation rates, indicating increased pressure on food prices in those regions. On a year-on-year basis, Taraba, Yobe, and Borno were identified as states with the slowest food inflation rates.