Nigeria’s Inflation Rate – September 2026

September 2026 Inflation Report

Key Highlights on Inflation figure in September 2026

• Headline inflation eased to 14.63% year-on-year in September 2026 from 15.39% in August, the lowest rate in the rebased CPI series.
• Month-on-month inflation slowed sharply to 0.06% from 0.71%, as a 2.89% fall in farm produce prices and a 4.78% drop in rent offset a 5.31% jump in the Energy Index.
• Food inflation was broadly unchanged at 19.59% year-on-year (19.57% in August). Food prices fell 1.55% month-on-month, reversing a 1.02% rise in August. The NBS
• attributed the decline to changes in the prices of guinea corn flour, maize flour, local rice, eggs, onions, palm oil, green beans, Irish potatoes, okra, tomatoes, dried green peas and plantain.
• Core inflation eased to 12.95% year-on-year from 13.29% but rose 1.11% month-on-month after a 0.06% decline in August, suggesting higher energy costs are feeding into underlying prices.

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