Nigeria’s inflation drops to 14.63% in September 2026, easing cost pressures

Nigeria’s headline inflation rate eased to 14.63% in September 2026, down from 15.39% in August, according to the National Bureau of Statistics. The September figure is 6.35 percentage points lower than the 20.98% recorded in September 2025, showing a continued slowdown in annual price growth. Month-on-month headline inflation also fell sharply to 0.06% from 0.71% in August, indicating that average prices rose only minimally during the month.

The decline suggests that the upward pressure on costs of goods and services is weakening, which could relieve some strain on household budgets and business operating expenses. Lower inflation may also influence the Central Bank’s monetary policy decisions, potentially reducing the need for further interest rate hikes and affecting loan and savings rates.

With inflation trending downward, will you adjust your monthly budget to reflect cheaper goods, hold off on major purchases expecting further price drops, or consider how changing interest rates might affect your loans or investments?

SOURCE: https://nairametrics.com/2026/10/15/nigerias-inflation-drops-to-14-63-in-september-2026-nbs/