Nigeria inflation eases to 18.02 percent in September 2025
Inflation in Nigeria has shown signs of easing as the latest data from the National Bureau of Statistics (NBS) reveal a continued downward trend. For the month of September 2025, the headline inflation rate dropped to 18.02 percent, down from 20.12 percent in August.
This reduction marks the sixth month in a row that inflation has been sliding, providing some respite to households coping with high living costs. The decline has been aided by lower prices of key foods and improved supply conditions linked to the harvest season. In September, food inflation specifically fell to 16.87 percent year‑on‑year, from 21.87 percent in August.
Despite the improvement, the inflation rate remains elevated compared to global norms and continues to pose challenges for cost of living, wage growth and interest‑rate policy. The slower pace of inflation does create room for the Central Bank of Nigeria (CBN) to consider easing monetary policy. The CBN recently cut its benchmark rate from 27.5 percent to 27 percent, citing the disinflation trend.
Analysts caution, however, that risks remain. The impact of structural issues such as food‑supply constraints, security disruptions in farming regions, and imported inflation pressures mean that the path to single‑digit inflation will likely be gradual. Continued vigilance is needed to sustain the trend.
