Nigeria's Inflation Rate Falls to 18.02% in September, Biggest Drop in Six Months

In September 2025, Nigeria's inflation rate decreased to 18.02%, the largest drop in six months, as reported by the National Bureau of Statistics (NBS). The urban inflation rate stood at 17.50%, while the rural inflation rate was 18.26%.

Food inflation rate significantly declined to 16.87%. This decrease was attributed to lower average prices of key food items like maize, corn, garri, beans, millet, potatoes, onions, eggs, tomatoes, and fresh peppers.