BREAKING: Nigeria’s inflation drops to 14.63% in September 2026 — NBS
Nigeria’s headline inflation rate eased to 14.63% in September 2026, down from 15.39% recorded in August, according to the National Bureau of Statistics (NBS). The post BREAKING: Nigeria’s inflation drops to 14.63% in…
The National Bureau of Statistics (NBS) releases the Consumer Price Index monthly, tracking the headline inflation rate alongside food and energy sub-indices, and its figures feed directly into decisions by the Central Bank of Nigeria on interest rates as well as government fiscal and wage planning. Nigeria's inflation rate has been on a prolonged upward trajectory in recent years, driven largely by the removal of fuel subsidies, naira devaluation, insecurity affecting farming regions, and rising food and transport costs, making month-on-month movements closely watched indicators of whether cost-of-living pressures on households are easing or persisting.
The latest NBS data shows headline inflation falling for a fourth consecutive month to 14.63% in September 2026, continuing a disinflation trend from the prior year's figures. However, the coverage also points to divergent trends beneath the headline number: food inflation ticked up slightly month-on-month even as it fell year-on-year, while energy inflation more than doubled year-on-year, suggesting that fuel and electricity costs remain a significant pressure point for consumers despite the overall decline. None of the reports detail what is driving the sharp rise in energy prices specifically, nor how the NBS's rebased methodology may be affecting comparisons with prior years.