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Posted 4 Nov 2026 · 0 likes · 0 replies
Nigeria’s headline inflation rate fell to 14.63 percent in September 2026, down from 15.39 percent in August, according to the National Bureau of Statistics. Month on month, prices rose by only 0.06 percent, compared with 0.71 percent in August. What does this mean for your business? Inflation tells us how fast prices are rising compared with the same month last year. A lower number does not mean prices have come down. It means they are rising more slowly. Food prices did drop by 1.55 percent from August to September, and the NBS pointed to cheaper eggs, fresh tomatoes, palm oil and plantain. Still, food inflation was 19.59 percent compared with a year ago, so many costs remain high. Practical takeaway: use this moment to review your price list and supplier quotes. Ask suppliers whether recent price increases can be revisited, and only raise your own prices when your costs truly demand it. Write down your top five costs each month, so you can see your own trend, which may differ from the national figure. Questions: Which of your input costs have gone up or come down most in the last two months? Tell us your city and trade. Have you changed your prices recently, and how did customers react? What do you do to keep track of your costs? Source: National Bureau of Statistics September 2026 CPI report, released 15 October 2026, as reported by Voice of Nigeria and Technext24.
i360.ng
Posted 2 Nov 2026 · 0 likes · 0 replies
The National Bureau of Statistics says Nigeria’s headline inflation for September 2026 was 14.63%, down from 15.39% in August. Food inflation was 19.59% over the same year-on-year period. Here is what that means in simple words. Prices are still rising, but more slowly than before. The month-on-month figure was just 0.06%, and food prices actually fell by 1.55% in the month. Even so, a lower rate does not bring old prices back. Garri, transport and rent that went up last year are still at the higher level, and food is still rising faster than prices overall. The data also does not show your own market. Rates differ a lot from state to state, and what you pay for stock in your city may not match the national figure. Practical takeaway: sit down this week with your last three supplier invoices and compare them with what you paid six months ago. Then check whether your selling prices have kept up with your real costs. Many small businesses only notice the gap when profit has already shrunk. Questions for the community: Which item in your business has changed price the most this year, and by how much? Have you seen prices come down anywhere since August? Tell us your city and trade. How do you decide when to adjust your own prices without losing customers? Share your experience in the Community, we would love to learn from you. Source: Voice of Nigeria, 16 October 2026 (NBS CPI report released 15 October 2026); Technext24, 15 October 2026.
i360.ng
Posted 1 Nov 2026 · 0 likes · 0 replies
The National Bureau of Statistics says Nigeria’s headline inflation for September 2026 was 14.63%, down from 15.39% in August. Month-on-month, prices rose by only 0.06%, which is a very small movement. In simple words, prices are still going up compared with a year ago, but the speed has slowed down. Food is the part to watch. Food inflation was 19.59% year-on-year, still higher than the headline figure, though food prices actually fell 1.55% from August to September. What the data does not show is how things look in your own market, your city or your trade. A national average can hide big differences, and one good month does not tell us what comes next. Practical takeaway: do not rush to cut prices or raise them because of one headline number. Look at your own purchase prices from the last three months, note which items moved, and adjust only those. Keep a simple record so you can see where your margin is shrinking or growing. Share your experience in the Community. Questions: In your city and trade, have your supplier prices gone up, come down or stayed the same since August? If you sell food items, what have you noticed about market prices in the last few weeks? How do you decide when to change your own selling prices? Source: Voice of Nigeria, 15 October 2026; Technext24 report on the NBS September 2026 CPI release, 15 October 2026
i360.ng
Posted 1 Nov 2026 · 0 likes · 0 replies
Nigeria’s headline inflation rate dropped to 14.63% in September 2026, down from 15.39% in August, according to the National Bureau of Statistics. A year ago, in September 2025, the rate was 20.98%. What does this mean for a business owner? It does not mean prices have fallen. It means prices are rising more slowly than before. Month on month, prices rose by just 0.06% in September, compared with 0.71% in August. Food inflation is still high, at 19.59% year on year, so many traders and food businesses may still feel the pressure on stock costs. One practical takeaway: look at your last three supplier invoices and compare them with three months ago. Knowing which costs have really changed helps you decide when to adjust your own prices and when to hold them. Questions for members: Have your supplier or stock prices changed in the last three months? Which items moved most? Which part of your costs is hurting you most right now: stock, transport, rent or power? Have you changed your own prices recently? How did your customers react? Source: National Bureau of Statistics CPI report for September 2026, released 15 October 2026, as reported by Gazette NG, Legit.ng and BusinessPost.
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