Nigeria’s headline inflation has dropped again, falling to 18.02% in September 2025, down from 20.12% recorded in August, according to new data released by the National Bureau of Statistics (NBS).
This marks the sixth straight month of declining inflation in the country — a trend many experts say is a positive sign for the economy.
The data was released on Tuesday in the NBS’s Consumer Price Index (CPI) and Inflation Report for September.
According to the NBS, “In September 2025, the headline inflation rate eased to 18.02 per cent, relative to the August 2025 rate of 20.12 per cent.” On a month-on-month basis, the inflation rate declined by 0.72%.
The report also noted a slowdown in food inflation, which dropped by 1.57% month-on-month. Food prices are a major part of inflation in Nigeria, as many households spend a large portion of their income on food.
While the drop is a welcome development, many Nigerians are yet to feel the relief in their daily lives, as the cost of living remains high. Prices of food, transport, and essential items have continued to strain household budgets.
Experts say that although inflation is slowing, Nigerians are still battling with the effects of past increases in fuel prices, high energy costs, and weak purchasing power.
He explained that ongoing efforts by the Central Bank of Nigeria (CBN) to stabilize the naira and control money supply are beginning to take effect.
Despite the positive data, recent hikes in fuel and cooking gas prices are raising concerns. Many observers fear these increases may push inflation back up in the coming months, especially if transport and food prices rise again as a result.
While the NBS figures suggest a cooling inflation trend, the coming months will show whether Nigeria can sustain this improvement, especially with the impact of recent price hikes and ongoing economic challenges.
The Central Bank and policymakers are expected to continue efforts to keep inflation in check, protect the naira, and improve economic stability for Nigerians.
