Nigeria's headline inflation rate dropped to 14.63% in September, down from 15.39% in August, according to official statistics. The decline represents a modest improvement in the headline measure tracked by policymakers and the public.
However, the fall in the broader inflation rate obscures persistent pressures building in core inflation, which strips out volatile items like food and energy. Core inflation trends matter significantly for people deciding where to place their savings and how to manage their investments over time.