NCPI Note September 2025
Sep ’25 recorded an annual inflation rate of 3.5%, slightly higher than 3.2% in the previous month, while monthly inflation remained flat for the second consecutive month. Both Food & NABs and Alc. & Tobacco continued to decelerate for the third straight month, having peaked at 6.4% and 6.9% respectively in Jul ’25. Transport saw the largest y/y increase from the previous month, returning to being inflationary after five months of acting as a deflator. Clothing & Footwear recorded the biggest m/m rise, increasing by 0.5%.
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