Nigeria Records Sixth Consecutive Inflation Drop, Eases to 18.02% in September

Nigeria’s headline inflation rate has continued its downward trend, easing to 18.02 per cent in September 2025, a noticeable drop from the 20.12 per cent recorded in August. This marks the sixth consecutive month this year that the country has recorded a decline in its headline inflation figure.

Dependable NG reports that the National Bureau of Statistics (NBS) disclosed this positive development in its Consumer Price Index (CPI) and Inflation Data released on Tuesday. The data indicates that inflation declined by 0.72 per cent on a month-on-month basis.

According to the NBS, the headline inflation rate for September 2025 eased to 18.02 per cent compared to the August 2025 rate of 20.12 per cent. Furthermore, the report highlighted a significant ease in the cost of food, with the food inflation rate standing at -1.57 per cent month-on-month.

This development aligns with recent expert forecasts, as the Chief Executive Officer of Financial Derivatives Company, Bismark Rewane, had suggested in his latest analysis that Nigeria’s inflation would moderate to 18 per cent by November 2025.

However, the report carries a note of caution: the recent increases in the domestic prices of fuel and cooking gas are potential risks that could significantly impact subsequent inflation figures and subsequently raise the overall cost of living for Nigerians in the near future.