Nigeria’s September inflation eases to 14.63 per cent

Nigeria’s annual headline inflation eased to 14.63 per cent in September 2026 from 15.39 per cent in August, according to the Financial Markets Dealers Association’s briefing on the figures.

The report describes September’s reading as the lowest in the rebased consumer-price series. Core inflation also moderated on an annual basis, falling to 12.95 per cent from 13.29 per cent.

These are September figures, rather than a newly released November inflation reading. The reference month matters when using the data to assess current economic conditions.

A lower annual rate means prices are increasing more slowly compared with a year earlier. It does not mean that the general price level has returned to where it was before the earlier increases.

The briefing also recorded a monthly rise in core prices, underscoring why annual moderation and short-term price pressures can exist together.

For household budgets, the national average is only part of the picture. The prices of the goods and services a family buys determine its own experience of living costs.

Source: Financial Markets Dealers Association inflation briefing.

Featured image: File photograph: The Central Bank of Nigeria Headquarters, Abuja Nigeria. Photo: GodwinPaya / Wikimedia Commons, CC BY-SA 4.0. Resized for display.