By Joshua Tosin Ogunsakin 
Nigeria’s headline inflation dropped to 18.02 per cent in September 2025, down from 20.12 per cent recorded in August, marking the sixth consecutive decline in inflation this year.
The National Bureau of Statistics (NBS) released the figures in its Consumer Price Index and Inflation Data on Tuesday.
According to the NBS, the country’s inflation eased by 0.72 per cent on a month-on-month basis. The report also indicated that food inflation recorded a decline of 1.57 per cent month-on-month.
“In September 2025, the headline inflation rate slowed to 18.02 per cent from 20.12 per cent in August 2025. The month-on-month headline inflation rate was 0.72 per cent, while food inflation fell by 1.57 per cent MoM,” the NBS stated.
The development comes as Bismark Rewane, CEO of Financial Derivatives Company, projected that Nigeria’s inflation would moderate to 18 per cent by November 2025.
However, the recent increases in fuel and cooking gas prices could influence future inflation rates and affect the overall cost of living for Nigerians.