CBN Reports 77.2% of Households Face High Inflation

The Central Bank of Nigeria (CBN) reported that in September 2026, 77.2% of Nigerian households perceived inflation as high, an increase from 67.2% in August. The overall Inflation Perception Index rose to 43.1 points from 39.6 points in the previous month, indicating persistent inflation concerns among respondents.

The CBN noted that the proportion of all respondents perceiving high inflation increased to 69.5% in September from 64.3% in August, with households showing a stronger increase than businesses. Factors contributing to inflation perceptions included energy costs, interest rates, exchange rates, and insecurity.

Despite heightened concerns about current inflation, respondents anticipated a gradual decline in inflation over the next three to six months, with businesses expressing stronger expectations for moderation. The CBN indicated that both households and businesses expected inflation-related expenditure pressures to ease in the coming months, reflecting a more optimistic outlook for inflationary pressures.