Nigeria’s inflation rate has fallen for the sixth consecutive month, with headline inflation dropping to 18.02 percent in September 2025. This marks a decline from the 20.12 percent recorded in August 2025, according to the National Bureau of Statistics (NBS). The NBS released the figures in its Consumer Price Index and Inflation Data on Tuesday, showing a month‑on‑month decrease of 0.72 percent in overall inflation.
Food inflation also eased, falling by 1.57 percent month‑on‑month. The NBS report highlighted that the headline rate eased to 18.02 percent in September, compared with August’s 20.12 percent, confirming the 0.72 percent monthly decline.
The downward trend aligns with the forecast of Bismarck Rewane, CEO of Financial Derivatives Company, who predicted that Nigeria’s inflation would moderate to around 18 percent by November 2025. However, recent hikes in fuel and cooking‑gas prices could affect future inflation readings and the overall cost of living for Nigerians.
The decline in inflation is a positive sign for the Nigerian economy, providing valuable insight for policymakers as they navigate ongoing economic challenges. Inflation will continue to be closely monitored, with particular attention to how fuel and cooking‑gas price increases may influence future inflation and living costs.
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