Nigeria’s headline inflation rate has dropped to 18.02% in September 2025, marking the sixth consecutive decline.
According to the National Bureau of Statistics, the country’s inflation declined by 0.72% on a month-on-month basis. Food inflation also saw a notable decrease of -1.57% month-on-month.
The decline is a positive sign for the economy, with experts predicting further moderation.
Chief Executive Officer of Financial Derivatives Company, Bismark Rewane, forecasts that Nigeria’s inflation will moderate to 18% in November 2025.
However, recent price hikes in fuel and cooking gas may impact subsequent inflation figures and the cost of living for Nigerians.
