The headline inflation rate in Nigeria has dropped to 18.02% according to data released on Wednesday by the National Bureau of Statistics (NBS).
Naijaonpoint reports that the headline dropped from the August 2025 inflation rate of 20.12% to 18.02% in September.
The decrease marks the 6th consecutive month of decline since April 2025 and the first time in three years that the nation’s inflation rate fell below 20 percent.
“In September 2025, the Headline inflation rate eased to 18.02 percent relative to the August 2025 headline inflation rate of 20.12 percent.
“Looking at the movement, the September 2025 Headline inflation rate showed a decrease of 2.1 percent compared to the August 2025 Headline inflation rate.
“In addition, on a year-on-year basis, the Headline inflation rate was 14.68% lower than the rate recorded in September 2024 (32.7 percent).
“ This shows that the Headline inflation rate (year-on-year basis) decreased in September 2025 compared to the same month in the preceding year (i.e., September 2024), though with a different base year, November 2009 = 100.
“However, on a month-on-month basis, the Headline inflation rate in September 2025 was 0.72 percent, which was 0.02 percent lower than the rate recorded in August 2025 (0.74 percent).
“This means that in September 2025, the rate of increase in the average price level was lower than the rate of increase in the average price level in August 2025,” the statement read.
The NBS data showed that the month-on-month headline inflation rate in September 2025 was 0.72% while the food inflation rate was -1.57% on a month-on-month basis.
The report explained that the significant decline in the annual food inflation figure is due to the change in the base year.
“However, on a month-on-month basis, the Food inflation rate in September 2025 was -1.57 percent, down by 3.22 percent compared to August 2025 (1.65 percent).
“The decrease can be attributed to the rate of decrease in the average prices of maize (corn) grains, garri, beans, millet, potatoes, onions, eggs, tomatoes, fresh pepper etc,” the NBS noted.
© 2025 Naijaonpoint, a division of NOP Media Inc. Contact us via [email protected]