Amanze Chinonye
Nigeria’s headline inflation rate dropped to 18.02 percent in September 2025, down from 20.12 percent recorded in August, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Wednesday.
The report marks the third consecutive month of decline in the headline inflation rate, reflecting a sustained moderation in prices following the adoption of the new 2024 base year for measuring inflation.
On a month-on-month basis, the headline inflation grew slightly by 0.72 percent in September, compared to 0.74 percent in August indicating a slower pace of price increases across goods and services. The Food Inflation Index also showed signs of relief, recording a -1.57 percent month-on-month change, suggesting a marginal drop in average food prices during the month under review.
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Analysts while Speaking to Prime Business Africa attribute the slowdown to improved food supply in some parts of the country, easing logistics pressures, and the impact of government interventions in the agricultural sector.
NBS data showed that inflation had peaked above 30 percent between September and December 2024 under the old 2009 base year before declining sharply after the introduction of the new 2024 base year, which better reflects current consumption and price patterns.
Since the rebasing, the CPI has shown a consistent downward trend falling from 23.18 percent in February 2025 to 18.02 percent in September 2025. Economists say the latest figure could signal a gradual stabilization of prices in the short term, although sustained moderation will depend on exchange rate stability, food supply conditions, and fiscal policy consistency.
NBS reiterated that the CPI measures the average change over time in prices of goods and services consumed by people, serving as a key indicator of inflationary pressure in the economy.
Amanze Chinonye is a Staff Correspondent at Prime Business Africa, a rising star in the literary world, weaving captivating stories that transport readers to the vibrant landscapes of Nigeria and the rest of Africa. With a unique voice that blends with the newspaper's tradition and style, Chinonye's writing is a masterful exploration of the human condition, delving into themes of identity, culture, and social justice. Through her words, Chinonye paints vivid portraits of everyday African life, from the bustling markets of Nigeria's Lagos to the quiet villages of South Africa's countryside . With a keen eye for detail and a deep understanding of the complexities of Nigerian society, Chinonye's writing is both a testament to the country's rich cultural heritage and a powerful call to action for a brighter future. As a writer, Chinonye is a true storyteller, using her dexterity to educate, inspire, and uplift readers around the world.
