Nigeria’s inflation drops to 14.63% in September 2026, says NBS
The National Bureau of Statistics (NBS) on Thursday said Nigeria’s headline inflation rate eased to 14.63per cent in September 2026, down from 15.39 per cent in August 2026.
The latest figure represents a decline of 6.35 percentage points from the 20.98per cent recorded in September 2025, signalling a further slowdown in annual price growth.
According to NBS, the month-on-month headline inflation fell to 0.06per cent in September from 0.71per cent in August, indicating a slower increase in average prices during the month.
The NBS said the September inflation rate declined compared with both the preceding month and the corresponding period of the previous year.
In its report, the statistics agency noted that the pace of increase in average prices slowed on a month-on-month basis.
On a year-on-year basis, NBS said in September 2026, the urban inflation rate was 15.64 per cent.
“On a month-on-month basis, the Urban inflation rate was 0.53per cent in September 2026, up by 0.25per cent compared to August 2026 (0.28per cent).
“The corresponding twelve-month average for the Urban inflation rate was 15.90per cent in September 2026. This was 12.58 percentage points lower compared to the 28.48per cent reported in September 2025,”the report noted.
According to NBS, the Rural inflation rate in September 2026 was 12.46per cent on a year-on-year basis.
It added that, ” On a month-on-month basis, the Rural inflation rate in September 2026 was -0.89per cent , down by 2.68per cent compared to August 2026 (1.79per cent ).
“The corresponding 12-month average for the Rural inflation rate in September 2026 was 15.32per cent . This was 10.35 percentage points lower compared to the 25.67per cent recorded in September 2026,”the report added.
2025.
