Nigeria's headline inflation eases to 14.63 per cent as food prices fall month on month

15 October 2026

Nigeria's National Bureau of Statistics released its Consumer Price Index report for September 2026 on Thursday, 15 October 2026. Headline inflation stood at 14.63 per cent year on year, against 15.39 per cent in August 2026 and 20.98 per cent in September 2025, a fall of 6.35 percentage points over the year. Month on month the headline rate was 0.06 per cent, down from 0.71 per cent in August. Food inflation was 19.59 per cent year on year, against 20.16 per cent in September 2025, and the month-on-month food rate was minus 1.55 per cent, against 1.02 per cent in August. Core inflation, which leaves out volatile farm produce and energy, was 12.95 per cent year on year with a month-on-month rate of 1.11 per cent. The Statistician-General of the Federation and Chief Executive Officer of the Bureau is Prince Adeyemi Adeniran.