Nigeria, Oct. 15 -- Nigeria's inflation rate eased for the sixth successive month to 18 per cent in September from 20.1 per cent a month earlier, boosting the optimism that policymakers will continue on the path of interest rate cut when they meet next month to decide rates.

"This means that in September 2025, the rate of increase in the average price level was lower than the rate of increase in the average price level in August 2025," the statistics office stated in the official data issued on Wednesday.

A reduction in the prices of food, the chief component of the inflation basket, drove the drop.

That will bring some sort of succour to Africa's most populous country, where soaring price levels led to the worst cost-of-living crisis ...