BREAKING: Nigeria’s inflation rate drops to 14.63% from 15.39%
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10/16/20261 min read
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate has dropped to 14.63 percent in September 2026, down from the 15.39 percent in August.
NBS announced the increase in its consumer price index (CPI) report on Thursday.
NBS said, “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 per cent compared to the September 2025 (20.98 per cent) headline inflation rate.
“On a month-on-month basis, the headline inflation rate in September 2026 was 0.06 per cent, which was 0.65 percentage points lower than the rate recorded in August 2026 (0.71 per cent). “This means that in September 2026, the rate of increase in the average price level was lower than the rate of increase in the average price level in August 2026.