Nigeria's inflation rate drops to 14.64% in September
Core inflation eased to 12.95% and the central bank cut rates to 23% as price pressures persisted in food and rural markets.
- On Thursday, the National Bureau of Statistics reported that Nigeria's headline inflation rate dropped to 14.64% in September from 15.39% in August, extending the downward trend in annual consumer inflation.
- Food inflation rose slightly to 19.59% in September from 19.57% in August, amid persistent price pressures on Nigerians despite the overall headline decline.
- The Central Bank of Nigeria's Monetary Policy Committee cut the interest rate to 23% from 26.5% at its last meeting, citing the easing inflation rate as justification.
- Regional data reveals urban inflation stood at 15.64% year-on-year in September, while rural inflation was lower at 12.46% and core inflation declined to 12.95% from 13.29% in August.
- Although price pressures persisted during September, underlying inflation has moderated considerably over the past year, signaling a broad slowing of price growth across Nigeria.
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Nigeria's inflation rate drops to 14.64% in September
Nigeria’s inflation rate dropped further in September 2026 to 14.64 per cent from 15.39 per cent recorded in August. The National Bureau of Statistics, NBS disclosed this in its Consumer Price Index and Inflation Report released on Thursday. This indicated that the country’s inflation rate eased during the period under review. However, food inflation rose […] Nigeria’s inflation rate drops to 14.64% in September
Nigeria’s Inflation Drops To 14.63% In September As Disinflation Continues - TV360 Nigeria
Headline inflation falls for the fourth consecutive month, with food prices declining monthly while core inflation rises to 1.11%, according to the NBS….. Nigeria’s headline inflation rate declined to 14.63% in September 2026 from 15.39% in August, extending the country’s disinflation trend to four consecutive months, according to the National Bureau of Statistics (NBS). The …
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