Nigeria’s headline inflation rate declined to 14.63 per cent in September 2026, extending the gradual moderation in consumer prices recorded in recent months.
The latest figure represents a 0.76 percentage-point decline from the 15.39 per cent recorded in August 2026, according to the September Consumer Price Index report released by the National Bureau of Statistics (NBS).
The decline marks the third consecutive month of easing inflation since June and indicates that prices continued to rise in September, but at a considerably slower pace.
According to the NBS, headline inflation was also substantially lower than the 20.98 per cent recorded in September 2025, representing a year-on-year decline of 6.35 percentage points.
The bureau said: “In September 2026, the headline inflation rate stood at 14.63 per cent, 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.”
On a month-on-month basis, inflation slowed sharply to 0.06 per cent in September, compared with 0.71 per cent in August, a decline of 0.65 percentage points.
The NBS explained that the development showed that the average price level increased at a slower rate in September than it did in the previous month.
The moderation in inflation provides further indication of easing price pressures in the economy, although the cost of essential goods and services remains elevated for many households.
Food inflation, which remains a major concern for consumers, stood at about 19.6 per cent in September, according to the figures contained in the report.
The latest inflation data will be closely watched by households, businesses, investors and policymakers, particularly as the Federal Government and the Central Bank of Nigeria continue efforts aimed at stabilising prices, strengthening economic activity and improving purchasing power.
