Nigeria’s headline inflation rate declined by 0.76 percentage points to 14.63 per cent in September 2026, from 15.39 per cent in August, marking the third consecutive monthly decline since June.
The National Bureau of Statistics (NBS) disclosed this in its Consumer Price Index (CPI) report for September 2026, released on Thursday.
According to the report, the year-on-year headline inflation rate fell by 6.35 percentage points from 20.98 per cent recorded in September 2025, indicating a slowdown in the rate of increase in consumer prices.
The NBS stated: “In September 2026, the headline inflation rate stood at 14.63%, down from 15.39 per cent in August 2026, and stood at 20.98 per cent in the same month of the preceding year (September 2025).
“Looking at the movement, the September 2026 headline inflation rate showed a decrease of 6.35 percentage points compared to the September 2025 (20.98 per cent) headline inflation rate.”
On a month-on-month basis, headline inflation slowed to 0.06 per cent in September from 0.71 per cent in August, representing a decline of 0.65 percentage points.
The statistics agency explained that the figures indicated that the average price level increased at a slower rate in September than in the preceding month.
Meanwhile, food inflation stood at 19.57 per cent in September, compared with 19.59 per cent in August, representing a marginal decline of 0.02 percentage points.
