Nigeria’s inflation rate eased to 18.02 percent in September 2025, down from 20.12 percent recorded in August 2025 — a decline of 2.1 percentage points and the sixth consecutive month of slowdown since April.

This marks the first time in three years that the nation’s inflation rate has fallen below 20 percent.

The National Bureau of Statistics (NBS) disclosed this in its Consumer Price Index (CPI) Report for September 2025, released on Wednesday.

According to the report, “In September 2025, the headline inflation rate eased to 18.02 percent relative to the August 2025 rate of 20.12 percent. This represents a decrease of 2.1 percentage points month-on-month.”

On a year-on-year basis, the headline inflation rate stood 14.68 percentage points lower than the 32.7 percent recorded in September 2024.
“This shows that the headline inflation rate (year-on-year) declined in September 2025 compared to the same month in the preceding year,” the report stated.

Meanwhile, on a month-on-month basis, headline inflation in September 2025 was 0.72 percent, slightly lower than 0.74 percent in August 2025.
“This means that in September, the rate of increase in the average price level was slower than in August,” the NBS explained.

The report also showed that food inflation dropped sharply by 5 percentage points, settling at 16.87 percent in September, compared to 21.87 percent in August 2025.

The NBS attributed the decline to lower average prices of key food items such as maize (corn), garri, beans, millet, potatoes, onions, eggs, tomatoes, and fresh pepper.

On a year-on-year basis, food inflation in September 2025 was 20.9 percentage points lower than the 37.77 percent recorded in September 2024.
The Bureau, however, noted that part of this significant decline was “technically due to the change in the base year.”

Month-on-month, the food inflation rate stood at -1.57 percent, down by 3.22 percentage points compared to 1.65 percent in August 2025, reflecting a decline in the average prices of staple items across the country.

The report further showed that on a year-on-year basis, food inflation was highest in Ekiti (28.68%), Rivers (24.18%), and Nasarawa (22.74%), while the slowest increases were recorded in Bauchi (2.81%), Niger (8.38%), and Anambra (8.41%).