Nigeria, Oct. 17 -- In September 2025, Nigeria's economy experienced relief as the National Bureau of Statistics (NBS) verified a notable drop in food costs. indicating the first month-on-month food deflation in almost 13 years.



The most significant decrease in recent times, headline inflation fell from 20.12 percent in August to 18.02 percent, according to the most recent Consumer Price Index (CPI). The month-on-month food index showed a negative 1.57 percent, implying food prices actually dropped, while the food inflation rate also sharply dropped to 16.87 percent. Within a month: the first instance since February 2012.



Seasonal harvest patterns, statistical base effects, and the NBS's recent rebasing of its inflation basket to ...