Nigeria's Inflation Rate Drops to 18.02% in September: NBS Report
Nigeria's inflation rate decreased to 18.02% in September from 20.12% in the previous month, as reported by the National Bureau of Statistics (NBS). Year-on-year, inflation stood at 14.68%, a significant drop from 32.70% in September 2024.
Food inflation was at 16.87% in September, down from 37.77% in the same period last year. The decline in inflation is mainly due to lower prices of food items such as maize, grains, garri, beans, and others.
Core inflation, excluding volatile agricultural and energy prices, also decreased to 19.53% year-on-year in September.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigeria's Inflation Rate Drops to 18.02% in September 2025, Food Inflation Declines
Nigeria's Inflation Rate Drops to 16%: NBS Report Reveals Positive Trend
Nigeria's Inflation Expected to Drop to 15.84% in October, Stanbic IBTC Bank Analysts Say
Nigeria's Inflation Decreases Amid Suspension of Import Levy
Analysts Forecast Lower Inflation Rate on Improved Food Supply
Nigeria's Inflation Rate Falls to 18.02% in September 2025
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
