Nigeria’s Inflation Rate Drops for the Sixth Consecutive Time — September 2025 Update

Nigeria’s inflation rate has continued its downward trend for the sixth consecutive month, reflecting a steady improvement in the country’s economic indicators. According to recent data released by the National Bureau of Statistics (NBS), the headline inflation rate dropped to 18.02% in September 2025, compared to 20.12% recorded in August 2025.

This consistent decline signals positive progress in Nigeria’s fight against rising prices of goods and services, marking the longest stretch of disinflation since early 2021. Economic analysts attribute this reduction to improved agricultural output, stronger naira performance, and government fiscal policies aimed at stabilizing the economy.

Experts also believe that sustained monetary tightening by the Central Bank of Nigeria (CBN), alongside improved foreign exchange inflows, may have contributed to easing inflationary pressures across major sectors, particularly in food and transportation.

However, despite the decline, the inflation rate still remains a key concern for households as living costs continue to rise faster than wage growth. Economists urge the government to maintain strategic policies that strengthen domestic production and reduce dependency on imports to ensure long-term price stability.