Nigeria’s headline inflation rate slowed to 18.02% in September 2025, marking a decline from 20.12% recorded in August 2025.
This is according to the latest data released by the National Bureau of Statistics (NBS).
On a month-on-month (MoM) basis, the headline inflation rate stood at 0.72%, reflecting a moderation in price increases across key sectors.
This means, according to NBS, that in September 2025, the rate of increase in the average price level was lower than the rate of increase in the average price level in August 2025.
“This shows that the Headline inflation rate (year-on-year basis) decreased in September 2025 compared to the same month in the preceding year (i.e., September 2024), though with a different base year, November 2009 = 100,” NBS stated.
The decrease was attributed to the rate of decrease in the average prices of Maize (Corn) grains, garri, beans, millet, potatoes, onions, eggs, tomatoes and fresh pepper.
This shows that the headline inflation rate (year-on-year basis) decreased in September 2025 compared to the same month in the preceding year (i.e., September 2024), though with a different base year, November 2009 = 100.
However, on a month-on-month basis, the Headline inflation rate in September 2025 was 0.72%, which was 0.02% lower than the rate recorded in August 2025 (0.74%).
This means that in September 2025, the rate of increase in the average price level was lower than the rate of increase in the average price level in August 2025.
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