Nigeria's September Inflation Data to Test Disinflation Path
Nigeria's National Bureau of Statistics is scheduled to publish September inflation data in mid-October 2026. August headline inflation stood at 15.39% and food inflation at 19.57%, and the new release will test whether disinflation has stalled. The outcome will shape expectations for Central Bank of Nigeria rate cuts, naira stability, and returns on Nigerian bonds and equities.
Nigeria's statistics office will publish September consumer price data in mid-October 2026, after rebasing the CPI and GDP to a 2024 reference period. August headline inflation was 15.39%, while food inflation was 19.57%, down from 20.31% in July. Food inflation exceeded headline by 4.18 percentage points.
Analysts expected both headline and food inflation to edge higher in September. Because the monthly rate can reveal fresher momentum than the annual figure, observers may focus on core and month-on-month readings to judge whether August's easing was durable.
If September inflation remains elevated, Nigerian households could continue facing pressure from food costs, while businesses may delay spending or investment. A softer reading might support expectations of lower interest rates, potentially easing borrowing costs and influencing naira assets. Foreign investors may weigh nominal yields against currency movements, affecting portfolio flows. The outcome may shape confidence among consumers, savers and companies without immediately changing daily prices.