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flag Nigeria's inflation fell to 18.02% in September 2025, the lowest in three years, driven by dropping food prices and a rate cut.

flag Nigeria’s inflation rate dropped to 18.02% in September 2025, the lowest in three years, down from 20.12% in August and 32.70% a year earlier, according to the National Bureau of Statistics. flag The decline, driven by falling food prices and a base-year effect, marked the sixth consecutive monthly decrease. flag Food inflation fell to 16.87% from 37.77% year-on-year, with staple goods like maize, beans, tomatoes, and eggs seeing significant price reductions. flag Month-on-month inflation eased slightly to 0.72%. flag The Central Bank of Nigeria cut its benchmark interest rate in September for the first time since 2020, signaling a shift toward easing monetary policy. flag The IMF raised Nigeria’s 2025 growth forecast to 3.9%, citing improved fiscal performance and disinflation.

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