Nigeria’s inflation slows to 14.63% in September - Premium Times Nigeria
Nigeria's annual inflation rate slowed to 14.63% in September, continuing a downward trend despite ongoing economic challenges. However, the country still faces a significant cost-of-living crisis driven by high food and energy prices following recent economic reforms.
Why it matters
Understanding inflation trends in emerging markets is essential for assessing global economic stability and the impact of domestic policy reforms.
--> In Nigeria, annual inflation slowed to 14.63% in September, compared with 15.39% in August. This continued the trend of slowing consumer price growth: the figure was 15.43% in July, Premium Times Nigeria reports, citing data from the country’s National Bureau of Statistics.
Annual food inflation stood at 19.59% in September. This was slightly higher than the 19.57% recorded in August, but lower than the figure for September 2025, when it was 20.16%. The publication notes that food expenses account for a significant share of household budgets, especially for lower-income households.
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