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Nigeria's inflation fell to 18.02% in September 2025, the lowest in three years, driven by dropping food prices and a rate cut.
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.
The decline, driven by falling food prices and a base-year effect, marked the sixth consecutive monthly decrease.
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.
Month-on-month inflation eased slightly to 0.72%.
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.
The IMF raised Nigeria’s 2025 growth forecast to 3.9%, citing improved fiscal performance and disinflation.
La inflación de Nigeria cayó a 18.02% en septiembre de 2025, la más baja en tres años, impulsada por la caída de los precios de los alimentos y un recorte de las tasas.