By Joyce Ekeh
Nigeria’s headline inflation rate fell to 14.63 per cent in September 2026, down from 15.39 per cent in August, marking the fourth consecutive monthly decline, according to the National Bureau of Statistics (NBS).
The latest figure represents a decrease of 0.76 percentage points from the previous month.
The NBS disclosed this in its Consumer Price Index (CPI) report for September 2026, released on Thursday.
According to the report, headline inflation also declined by 6.35 percentage points year-on-year from 20.98 per cent recorded in September 2025.
On a month-on-month basis, inflation slowed to 0.06 per cent in September from 0.71 per cent in August, indicating that the average price level increased at a slower pace during the month.
The NBS said: “In September 2026, the headline inflation rate stood at 14.63 per cent, down from 15.39 per cent in August 2026 and 20.98 per cent in the same month of the preceding year (September 2025).”
The report added that the September month-on-month inflation rate was 0.65 percentage points lower than the 0.71 per cent recorded in August.
Food inflation
Meanwhile, food inflation stood at 19.59 per cent in September 2026, compared with 19.57 per cent in August, according to the figures provided in the report.
