Nigeria's annual inflation slowed to 14.63% in September, from 15.39% in August and 20.98% a year earlier, according to the National Bureau of Statistics released on Thursday. Prices rose just 0.06% from August, while food prices fell 1.55% in the month and food inflation stood at 19.59%. Core prices, however, rose 1.11% in the month after a 0.06% fall in August, which the article describes as pressure outside food and fuel. The central bank cut its benchmark rate to 23% from 26.5% on 22 September, and its next meeting is on 23 and 24 November.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Nigeria September Inflation Falls to 14 . 63 %
Read the original on riotimesonline.com ↗
Related news
- Nigeria : Inflation cools to 14 . 63 % as food prices fall in September
Nigeria's headline inflation eased to 14.63% year-on-year in September 2026, down from 15.39% in August and 20.98% in September 2025, according to the National Bureau of Statistics (NBS) Consumer Price Index report. The 76-basis-point drop beat the 15.19% forecast by many analysts, and prices rose just 0.06% month-on-month, versus 0.71% in August. Food prices fell 1.55% month-on-month and were the main driver, although annual food inflation edged up to 19.59%; core inflation eased to 12.95% y/y, but the core index rose 1.11% m/m. The Central Bank of Nigeria had cut its Monetary Policy Rate by 350 basis points to 23.00% at its September meeting, and Cowry Research said there is room for further easing, but liquidity, exchange-rate stability and inflation expectations need close monitoring.
- Nigeria Inflation Rate Tested as September Data Looms
Nigeria's headline inflation eased to 15.39% year-on-year in August 2026 from 15.43% in July, according to the National Bureau of Statistics, while food inflation fell to 19.57% from 20.31%. Because the NBS rebased its consumer price index, the lower rate may partly reflect the new basket and base effects rather than genuine price relief. Food and fuel remain the main pressure points, with petrol subsidy removal raising transport costs and a weaker naira raising the cost of imported inputs. The Central Bank of Nigeria, led by Governor Olayemi Cardoso, cut its policy rate to 23% in September 2026, while the market forecast September inflation at 15.5%. For US investors in Nigerian bonds and Eurobonds, the article says whether the rate cut holds, along with currency and inflation risks, will determine dollar returns.
- Nigeria inflation drops to 14 . 63 % despite rising energy co
Nigeria's headline inflation slowed to 14.63% in September 2026, down from 15.39% in August and 20.98% a year earlier, as month-on-month inflation eased to 0.06% from 0.71%, the National Bureau of Statistics reported. Food prices fell 1.55% month-on-month, but energy inflation jumped to 5.38% from 0.36% in August and stood at 10.85% year-on-year. Core inflation was 12.95% year-on-year, compared with 22.11% in September 2025. Muda Yusuf, chief executive of the Centre for the Promotion of Private Enterprise, welcomed the decline but warned that rising energy costs could reverse the gains, while arguing that the moderation strengthens the case for further monetary easing.
- Inflation expected to ease to 3 . 7 % in September year but cash rate still forecast to rise
Markets price about a 70% chance the Reserve Bank of New Zealand will lift the Official Cash Rate, now 2.75%, on October 28, and a 100% chance by December. ANZ says that if Q3 CPI lands near its 3.7% forecast, an October hike stays on the table given the weaker NZ dollar and higher oil prices since September, with tradeable inflation seen at 4.2% and non-tradeable at 3.5%. Westpac expects the central bank to look past the slight dip in headline inflation, as fuel prices rebounded late in the quarter and inflation for the December quarter could exceed the 4.1% of the June quarter. BNZ believes the bank will keep lifting the cash rate, including at its upcoming October meeting, due to concerns over fuel prices and the weak NZ dollar.
- September Inflation Came In at 3 . 9 %, Helping to Set Social Security 2027 Cost - of - Living Adjustment ( COLA )
The CPI-W rose 3.9% in September from a year earlier, its second-largest annual increase this year after May’s 4.4%, which sets the basis for Social Security’s 3.6% cost-of-living adjustment (COLA) for 2027, the fifth largest in 35 years. Social Security uses the CPI-W rather than the CPI-U, which rose 3.7%, because it focuses on hourly wage earners and clerical workers, who make up about 30% of the U.S. population. Energy prices surged amid the Middle East conflict and the closure of the Strait of Hormuz, with gasoline up 34.2% and fuel oil up 74.2% year over year. The COLA is based on the third-quarter CPI-W average, which was 3.62% higher than in 2025, and will take effect in January. The adjustment likely won’t fully offset current inflation pressures.
- September Inflation Came In at 3 . 9 %, Helping to Set Social Security 2027 Cost - of - Living Adjustment ( COLA )
Social Security's 2027 cost-of-living adjustment (COLA) is 3.6%, 0.8% higher than this year's, and will raise monthly benefits beginning in January. The COLA is calculated from CPI-W, which rose 3.9% from a year earlier in September, compared with 3.7% for the headline CPI-U. Energy prices drove the increase: in September, energy costs rose 20.4% year over year, gasoline 34.2%, and fuel oil 74.2%, amid the Middle East conflict and the closure of the Strait of Hormuz. CPI-W had eased to 3.4% in July and 3.5% in August before accelerating again, and the COLA is based on the third-quarter average compared with the prior year. The article notes that the adjustment will not fully offset the inflation recipients are facing.
Related markets
Latest news
- CoreWeave Dropped 20% Last Week. Is It Time to Panic or Buy?
CoreWeave shares fell more than 20% as of Oct. 16, driven mainly by concerns over debt and spending. The company carries about $35 billion in total debt against $5.5 billion in cash, with net interest payments reaching $640 million in the second quarter alone, unsecured bond yields approaching 15%, and an S&P rating of B+. Capital expenditure was just over $16 billion in the first half of 2026 and could reach $39 billion for the year, roughly triple its $12.4 to $13.2 billion revenue guidance. States are also weighing restrictions on data centers. On the positive side, second-quarter revenue rose 112% year over year and the backlog exceeded $104 billion. The author has reservations and sees the drop as an opportunity only for the most risk-tolerant investors, who might build a position slowly, while the company needs to prove it can convert its backlog efficiently and manage debt.
- Apple’s iPhone Duo Sold Out In Minutes. The Last Time Apple Reinvented The Phone, One Apple Supplier’s Stock Soared About 1,200% In A Decade
Apple's first foldable iPhone, the iPhone Duo, sold out within minutes of its worldwide preorders opening on Oct. 16, but buyers who ordered more than an hour later face a delay of nearly three months, according to Korea JoongAng Daily, which puts the U.S. starting price at $1,999. One unnamed supply-chain source said Foxconn's final-assembly yield was just above 60% heading into late September, against the 90%-plus rate Apple typically expects, and the hinge, which holds more than 100 parts, is cited as a constraint. Analyst Jeff Pu cut his 2026 shipment estimate from 7 million to 6 million, while reported forecasts range from about 6 million to 10 million units. The article also recalls that Skyworks Solutions, identified as the power-amplifier supplier of the original iPhone, rose about 1,200% over a decade, though those figures cover price only.
- Why Sandisk Stock Shot Higher Today
Sandisk shares jumped as much as 8.3% and were still up 7.9% at 11:24 a.m. ET, helped by a tech rebound and positive news in high-bandwidth memory (HBM). Nvidia has developed NVHBM, a custom HBM die with 15% lower power consumption and 30% higher bandwidth that links NVLink and HBM chips. A Seoul Economic Daily report says Nvidia asked Samsung Electronics to use TSMC's 3-nanometer process to make NVHBM dies, the first such collaboration between the two. Nvidia has also approached Micron and SK Hynix to standardize the process, which could free compute-die space for up to 30% additional compute. The article argues this suggests AI adoption still has room to grow, which would also benefit memory suppliers, and notes Sandisk trades at 19 times earnings and 6 times forward earnings.
- JPMorgan Picks Ethereum for JPM Coin, Citing the Network’s Liquidity and Client Use
JPMorgan is launching JPM Coin, its dollar deposit token, on Ethereum and will offer it to institutional clients there, as announced Monday and reported by Bloomberg. Emma Landriault, global head of Kinexys Labs, said Ethereum's liquidity and the fact that the bank's clients already use it drove the choice. The token targets large crypto firms that pay onchain and financial institutions active in tokenized assets, which can use it as onchain cash to settle trades or as collateral. JPM Coin debuted last year on Base, and it lets clients move dollars in seconds at any hour, whereas a transfer can otherwise take several days. JPMorgan's private Kinexys network already handles daily volume above $7 billion, the bank's payments arm handles around $12 trillion in daily payments, and Open Standard launched its OUSD stablecoin on Ethereum, Solana, Base and Tempo last month.
- Prediction : Amazon Next Chapter Could Be Its Most Important One Yet
24/7 Wall St. sets a price target of $332.67 for Amazon (AMZN), 30.4% above the current $255.20, and rates the stock a buy with 70% confidence. The thesis rests on AWS, which grew 37% last quarter, its fastest pace in 18 quarters, while Amazon plans to spend about $200B in 2026 on AI infrastructure, chips, robotics and satellites. The article flags risks: trailing free cash flow turned negative at about -$7.6B after second-quarter capex rose 68.44%, and long-term debt climbed to $119.1B from $65.6B. It compares Amazon's valuation with Microsoft and Alphabet, and says the author would stay constructive if AWS growth stays above 30% and free cash flow turns positive in 2027.
- Explainer - What behind Egypt move towards possible military involvement in Saudi - Yemen conflict ?
Egypt's parliament is expected to vote next week on authorising its armed forces to help defend Saudi Arabia against Houthi attacks from Yemen, if Riyadh requests support. President Abdel Fattah al-Sisi made the request in a Saturday speech, a clear escalation from Cairo's measured tone since the Iran war began, though Egypt has not publicly committed to a direct combat role. Egypt relies heavily on Gulf states for remittances, aid and deposits, including a $5.3 billion Saudi deposit at Egypt's central bank due this month. Analysts say security concerns, including a July drone strike on two gas vessels at Damietta and shared interest in Red Sea shipping, are pushing Cairo toward a more active stance. Egypt receives about $1.3 billion a year in US military aid and previously sent air and naval forces to the Saudi-led coalition in Yemen in 2015.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.