Nigeria’s inflation rate drops to 14.63%
The headline inflation rate decreased by 0.76 percentage points in September, falling to 14.63% from 15.39% in August 2026. This marks the third consecutive month of decline in the inflation rate since June.
According to the National Bureau of Statistics (NBS), the core inflation rate also showed a reduction, dropping to 13.29% in August. The NBS released this information in its Consumer Price Index (CPI) report for September 2026.
The report stated, “In September 2026, the headline inflation rate stood at 14.63%, down from 15.39% in August 2026, and significantly lower than the 20.98% recorded in September 2025.”
The NBS noted a decrease of 6.35 percentage points in the September 2026 headline inflation rate compared to the same month the previous year. On a month-to-month basis, the inflation rate for September was recorded at 0.06%, which is 0.65 percentage points lower than the 0.71% observed in August.
In addition, food inflation saw a minimal decline of 0.02 percentage points, registering 19.59% in September, compared to 19.57% in August.
