Inflation rate slows, first time in 3 yrs, to 18.02% 

•Inflation easing should beryllium consolidated done decisive, well-targeted argumentation enactment

—CPPE •At 18.02%, ostentation complaint is inactive acold from the CBN long-run people of 9%—Prof. Uwaleke

By Peter Egwuatu, Assistant Business Editor & Elizabeth Adegbesan  

Nigeria’s inflation rate eased by 2.1 percentage constituent to 18.02 percent successful September 2025 from 20.12 percent successful August 2025.

This is the archetypal clip successful 3 years that the nation’s ostentation complaint fell beneath 20 percent.  The complaint besides represents the 6th consecutive period diminution since April 2025.

The National Bureau of Statistics,  NBS, disclosed this Wednesday, successful its Consumer Price Index, CPI, and Report for September 2025.

Meanwhile, system experts and analysts person commended the easing, though noted that the user purchasing powerfulness is inactive connected the decline, and that the complaint is inactive acold from the Central Bank of Nigeria, CBN’s agelong tally people of 9 %. 

The NBS study stated: “In September 2025, the Headline ostentation complaint eased to 18.02 percent comparative to the August 2025 header ostentation complaint of 20.12 percent.  

“Looking astatine the movement, the September 2025 Headline ostentation complaint showed a alteration of 2.1 percent compared to the August 2025 header ostentation rate.

“In addition, connected a year-on-year basis, the header ostentation complaint was 14.68% little than the complaint recorded successful September 2024 (32.7 percent).

“This shows that the header ostentation complaint (year-on-year basis) decreased in  

September 2025 compared to the aforesaid period successful the preceding twelvemonth (i.e., September 2024), though with a  antithetic basal year, November 2009 = 100.

“However, connected a month-on-month basis, the header ostentation complaint successful September 2025 was 0.72 percent, which was 0.02 percent little than the complaint recorded successful August 2025 (0.74 percent).  

“This means that successful September 2025, the complaint of summation successful the mean terms level was little than the complaint of summation successful the mean terms level successful August 2025.”

Food ostentation besides declined by 5.0 percent points to   16.87 percent successful September 21.87 percent successful August 2025 arsenic a effect of diminution successful the   average prices of maize (corn) grains, garri, beans, millet, potatoes, onions, eggs, tomatoes, caller capsicum etc.

“The nutrient ostentation complaint successful September 2025 was 16.87 percent connected a year-on-year basis.  

“This was 20.9 percent points  little compared to the complaint recorded successful September 2024 (37.77 percent).  

 “However, connected a month-on-month basis, the nutrient ostentation complaint successful September 2025 was -1.57 percent, down by 3.22 percent compared to August 2025 (1.65 percent.

According to NBS report,  nutrient ostentation connected a Year-on-Year (YoY) ground was highest successful Ekiti (28.68%), Rivers   (24.18%), Nasarawa (22.74%) portion Bauchi (2.81 percent), Niger (8.38 percent), and Anambra (8.41 percent) had the slowest emergence successful nutrient inflation   YoY .  

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