Nigeria’s headline inflation rate continued to moderate in September 2026, falling to 14.64% from 15.39% in August, although food-price pressures remained largely unchanged for households.
- The National Bureau of Statistics reported the latest figures in its Consumer Price Index and Inflation Report, issued on Thursday.
- The decline in the overall inflation reading signals a further easing in price growth during the month under review.
- Food inflation, however, edged up to 19.59% in September from 19.57% a month earlier, underscoring continuing pressure on the cost of food for Nigerian consumers.
- At its most recent Monetary Policy Committee meeting, the Central Bank of Nigeria reduced its benchmark interest rate to 23% from 26.5%, pointing to the broader slowdown in inflation as a reason for the cut.
