Nigeria’s inflation rate declined to 14.64 per cent in September 2026 from 15.39 per cent recorded in August, according to the National Bureau of Statistics, NBS.
The figures were contained in the bureau’s Consumer Price Index and Inflation Report released on Thursday, indicating a further easing of overall inflation during the period.
Despite the decline in the headline inflation rate, food inflation edged up slightly to 19.59 per cent in September from 19.57 per cent in August, highlighting continued pressure on food prices and household spending.
Meanwhile, the Central Bank of Nigeria, CBN, reduced its interest rate to 23 per cent from 26.5 per cent at its last Monetary Policy Committee meeting, citing the easing inflation trend.
