Nigeria’s inflation rate drops for 6th consecutive time

Nigeria’s headline inflation has dropped to 18.02% in September 2025, down from 20.12% in August.

This is the sixth consecutive headline inflation drop in Nigeria this year.

The National Bureau of Statistics (NBS) made this known in its Consumer Price Index and Inflation Data, which was released on Tuesday.

NBS data showed that the country’s inflation declined by 0.72% on a month-on-month basis.

The CPI data noted that the food inflation rate was -1.57% month-on-month.

“In September 2025, the headline inflation rate eased to 18.02% relative to the August 2025 inflation rate of 20.12%.

“The MoM headline inflation rate in September 2025 was 0.72%.

“The food inflation rate was -1.57% MoM,” the NBS stated.

The development comes as Bismark Rewane, Chief Executive Officer of Financial Derivatives Company, in his latest analysis, said Nigeria’s inflation would moderate to 18% in November 2025.

However, the recent hike in the prices of fuel and cooking gas could impact subsequent inflation figures and the cost of living for Nigerians.