Nigeria’s headline inflation rate fell to 18.02 percent in September 2025, marking a continued slowdown in price increases, according to the National Bureau of Statistics (NBS).
The figure, released in the bureau’s Consumer Price Index (CPI) and Inflation Report on Wednesday, represents a 2.1 percentage point decline from the 20.12 percent recorded in August 2025.
On a year-on-year basis, the headline inflation rate was 14.68 percentage points lower than the 32.70 percent reported in September 2024, reflecting a steady moderation in price growth over the past year.
Month-on-month, inflation stood at 0.72 percent in September, slightly lower than 0.74 percent in August. “This means that the average price level rose at a slower pace in September compared to August,” the report stated.
The NBS attributed the increase in the overall price index mainly to higher costs in food and non-alcoholic beverages (7.21%), restaurants and accommodation services (2.33%), and transport (1.92%).
At the subnational level, Akwa Ibom (-12.97%), Borno (-22.95%), and Cross River (-10.36%) recorded the slowest month-on-month inflation increases.
The report also noted that following the recent rebasing of the CPI, the index rose to 127.7 points in September, compared with 126.8 points in August. The NBS had earlier updated the CPI base year from 2009 to 2024, using 2023 as the reference period for expenditure weights.
