{
  "id": 14840331,
  "title": "Inflation Drops to 14.63%",
  "url": "https://urgent.news/2026/10/16/inflation-drops-to-14-63",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T01:54:28.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/10/16/inflation-drops-to-14-63/"
  },
  "original_language": "en",
  "account": "The Consumer Price Index (CPI) for Nigeria declined to 14.63 percent in September 2025, down from 15.39 percent in August. This drop in the annual inflation rate was primarily driven by falling food prices, which helped moderate the cost of living. While headline inflation fell by 6.35 percentage points to 14.63 percent, the core inflation rate, which excludes farm produce and energy, rose to 1.11 percent month-on-month. The overall price level continued to rise on a month-on-month basis, despite the slower annual inflation rate. Food prices, particularly for items like guinea corn flour, white maize flour, local short-grain rice, eggs, fresh onions, palm oil, green beans, potatoes, okra, tomatoes, peas, and plantain, contributed significantly to the relief. However, the moderation in food inflation remained uneven, with core inflation showing signs of renewed strength. The urban inflation rate accelerated during the review period, while rural inflation decreased. State-wise, Imo had the highest inflation at 30.04 percent, followed by Enugu and Niger. Conversely, Taraba had the lowest inflation at 1.78 percent, followed by Adamawa.",
  "summary": "James Emejo in Abuja The Consumer Price Index (CPI) which measures the rate of change in prices of good and commodities declined to 14.63 per cent in September, from 15.39",
  "key_points": [
    "Nigeria's CPI drops to 14.63% in September 2025",
    "Food price decline drives inflation reduction",
    "Imo state experiences highest inflation at 30.04%"
  ],
  "editors_take": "Falling food costs provide temporary relief for the cost of living, even as rising core inflation and accelerating urban prices signal persistent underlying economic pressures.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}