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The National Bureau of Statistics (NBS) has announced that Nigeria’s header ostentation complaint eased to 18.02 per cent successful September 2025, compared to 20.12 per cent recorded successful August, representing a diminution of 2.1 percent points.
According to the NBS’s latest Consumer Price Index (CPI) report, released connected Wednesday, the caller information reflects the result of a caller CPI rebasing exercise. The workout present uses 2024 arsenic the caller basal twelvemonth and 2023 arsenic the value notation period.
The statistic bureau explained that the moderation successful ostentation was influenced by slower terms increases crossed cardinal user divisions, peculiarly nutrient and non-alcoholic beverages, restaurants and accommodation services, and transport, the 3 large contributors to the header index.
Economic experts attributed the diminution successful the ostentation complaint to a operation of factors, including improved cultivation output, speech complaint stability, and macroeconomic argumentation improvements.
At the divisional level, nutrient and non-alcoholic beverages contributed 7.21 per cent, restaurants and accommodation Services 2.33 per cent, and transport 1.92 per cent to the wide ostentation rate.
The slightest contributors were recreation, sport, and civilization (0.06 per cent), alcoholic beverages, tobacco, and narcotics (0.07 per cent), and Insurance and fiscal services (0.08 per cent).
On a month-on-month basis, the header ostentation complaint stood astatine 0.72 percent successful September, somewhat beneath the 0.74 percent recorded successful August, indicating a 0.02 percent constituent moderation.
The NBS study showed that nutrient ostentation slowed to 16.87 per cent year-on-year successful September. Month implicit month, nutrient ostentation declined by 1.57 per cent, representing a 3.22 percent constituent driblet from 1.65 per cent recorded successful August.
The bureau attributed this diminution to falling mean prices of staple nutrient items, including maize, garri, beans, millet, potatoes, onions, eggs, tomatoes, and caller pepper.
The halfway ostentation rate, which excludes prices of volatile cultivation commodities and energy, stood astatine 19.53 percent year-on-year successful September 2025. On a month-on-month basis, it was 1.42 per cent, down somewhat from 1.43 per cent successful August.
Analysis of sub-indices showed that Services roseate by 1.17 per cent, portion Goods accrued by 0.44 per cent, with corresponding indices of 129.7 and 126.4, respectively. In contrast, workplace nutrient and vigor recorded declines of -0.75 percent and -0.47 percent.
Urban ostentation stood astatine 17.50 per cent year-on-year, portion the month-on-month complaint was 0.74 per cent, up by 0.25 percent points from 0.49 per cent successful August.
In contrast, agrarian ostentation was 18.26 per cent connected a year-on-year basis. The month-on-month complaint for agrarian areas fell to 0.67 per cent, little by 0.71 percent points from 1.38 per cent successful August.
Commenting connected the development, the director/chief enforcement serviceman of Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, attributed the diminution to a operation of factors, including improved cultivation output, speech complaint stability, and macroeconomic argumentation improvements.
He, however, remarked that ostentation remains precocious and urged the authorities to instrumentality targeted argumentation actions to consolidate the gains and execute sustainable economical growth.
“The sustained disinflation inclination is simply a invited improvement and a motion of improving macroeconomic fundamentals. However, the cost-of-living situation remains acute, peculiarly for low- and middle-income households.
“The adjacent signifier of betterment indispensable truthful prioritize welfare-focused and cost-reduction measures that present tangible alleviation to citizens.
“Business assurance is rising, but user assurance remains fragile. Policies that heighten productivity, stabilize prices, and trim the structural outgo of doing concern volition not lone fortify the disinflation trajectory but besides foster inclusive and sustainable economical recovery,” helium said.
Yusuf stated that to consolidate the existent gains and prolong the disinflation momentum, determination indispensable beryllium enhanced nutrient information and cultivation productivity; reduced logistics, transport, vigor and accumulation costs; accrued entree to affordable finance; reformed larboard and commercialized logistics, and sustained macroeconomic stability.
The CPPE CEO added that, with consistency, coordination, and structural reforms, Nigeria tin execute a unchangeable single-digit ostentation complaint implicit the mean term, anchored connected growth, improved welfare, and restored assurance successful the economy.
On his part, the main enforcement of AntHill Concepts Limited, and subordinate of the Board of Economists, NATIONAL ECONOMY, Dr. Emeka Okengwu, said the complaint of ostentation does not needfully alteration the prime of beingness of mean Nigerians successful this instance.
“The complaint of simplification successful in...
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