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Nigeria's inflation eases to 14.63% in September

Consumer price inflation declined in September, with northern states leading the slowdown, though energy costs pose a risk to future progress.

Nigeria's inflation rate fell to 14.63% in September 2026, according to official data. The decline reflects easing price pressures across the country, with several northern states recording particularly low inflation rates during the month.

The disinflationary trend comes as welcome relief after months of elevated price growth. However, the Centre for the Promotion of Private Enterprise warned that rising energy costs could undermine the gains made in bringing inflation down.