Inflation Falls to 14.63% in September as Food Prices Drop

Nigeria’s headline inflation rate eased to 14.63 per cent in September 2026, from 15.39 per cent in August, the National Bureau of Statistics (NBS) has said.
The bureau disclosed this in its Consumer Price Index (CPI) report released on Thursday. The figure is a decline of 0.76 percentage points from the previous month.
On a month-on-month basis, headline inflation was 0.06 per cent in September.
Food inflation stood at 19.59 per cent year-on-year. On a month-on-month basis, it was -1.55 per cent, meaning food prices fell during the month.
The August figure of 15.39 per cent was itself lower than the 15.43 per cent recorded in July 2026.