Nigeria's headline inflation fell to 14.63% year-on-year in September 2026 from 15.39% in August, driven by lower food prices, marking the fourth straight monthly decline since June. Food inflation eased to 19.59% year-on-year, with month-on-month food prices down 1.55%, while core inflation rose to 12.95% year-on-year and 1.11% month-on-month, from -0.06% in August. The National Bureau of Statistics reported the average all-items CPI change at 15.80% over the 12 months to September 2026. By state, Imo had the highest headline inflation at 30.04% and Taraba the lowest at 1.78%.
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Original headline: Headline inflation drops to 14 . 63 % as food prices ease
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