Nigeria’s inflation rate fell to 18.02 percent in September 2025, down from 20.12 percent in August, continuing a six-month streak of monthly declines, the National Bureau of Statistics (NBS) has reported.

Food prices also eased, with food inflation dropping to 19.53 percent in September from 21.87 percent the previous month, reflecting better supply conditions and seasonal harvests.

The slowdown in price growth is expected to influence monetary policy decisions. The Central Bank of Nigeria recently cut its benchmark interest rate by 50 basis points to 27 percent—the first reduction since 2020—aiming to stabilize the economy and move toward single-digit inflation.