Nigeria’s headline inflation rate slowed down to 14.63 percent in September 2026, marking a significant drop from the 15.39 percent recorded in August, according to the latest Consumer Price Index report released on Thursday by the National Bureau of Statistics (NBS).
The official figures published by the statistical agency show a year-on-year decline of 0.76 percentage points compared to August 2026, pointing toward a continued moderation in price pressures across the nation.
On a month-on-month basis, headline inflation dropped to 0.06 percent in September, down by 0.65 percentage points from the 0.71 percent recorded in August 2026.
The NBS report highlights that the sustained disinflation trend reflects the impact of recent macroeconomic stabilization measures, currency relative stability, and easing transportation costs.
Economists note that while headline inflation continues to cool, policymakers and citizens alike remain attentive to food inflation movements, which held virtually steady at 19.59 percent in September compared to 19.57 percent in August.
The steady drop in headline inflation provides economic relief for Nigerian households navigating living costs, while signalling potential stability for businesses and financial markets entering the final quarter of the year.
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