Nigeria's inflation falls for a fourth month in a row, to 14.63%
Prices rose 14.63% in the year to September, down from 20.98% a year earlier. Food prices fell month on month, and the naira firmed to ₦1,333 to the dollar.
Olanrewaju Adewole
Abuja — Nigeria's headline inflation slowed to 14.63% in September, from 15.39% in August, the fourth monthly fall in a row this year, according to the National Bureau of Statistics, Nairametrics reports.
That is 6.35 percentage points below the 20.98% recorded in September 2025. Month on month, prices rose by just 0.06%, against 0.71% in August.
The detail
- Food inflation: 19.59% year on year, down from 20.16% a year earlier. Month on month, food prices fell by 1.55%, with grains, rice, eggs, onions, palm oil, vegetables, potatoes, plantain and tomatoes among the items that moved.
- Core inflation, which leaves out farm produce and energy: 12.95%, down from 22.11% a year earlier.
- Urban inflation: 15.64%. Rural inflation: 12.46%, with rural prices falling 0.89% month on month.
The naira strengthened to ₦1,333 to the dollar on the official market on 14 October, ahead of the figures.
Source: Nairametrics, reporting by Olalekan Adigun, 15 October 2026, using National Bureau of Statistics data.
