Nigeria’s headline inflation rate slowed to 18.02% in September 2025, marking a decline from 20.12% recorded in August 2025.
The National Bureau of Statistics (NBS) on Wednesday October 15, released the latest economic data for Nigeria.
This marks the sixth consecutive monthly decline, indicating a sustained moderation in price increases across key sectors.
The country’s Gross Domestic Product (GDP) grew by 4.23% year on year in real terms during the second quarter of 2025.
This marks an improvement over the 3.48% growth recorded in the same quarter of 2024.
Notably, the oil sector experienced a significant growth of 20.46%, while the non oil sector expanded by 3.64%.
Food inflation experienced a notable improvement, recording a -1.57% month on month change in September.
This indicates that average food prices declined compared to the previous month.
Specifically, the year on year food inflation rate decreased by 2.34 percentage points to 19.53% in September, down from 21.87% in August.
Analysts project that if the current trends continue, Nigeria’s inflation rate could ease further in the coming months.
However, ongoing challenges such as global commodity price fluctuations and domestic supply chain disruptions could impact this trajectory.
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