Nigeria’s headline inflation rate declined to 16.05% in October 2025, down from 18.02% in September, according to the latest data released by the National Bureau of Statistics (NBS).
This October figure reflects a 1.96-percentage-point drop and marks the seventh straight month of slowing inflation since April 2025.
The Consumer Price Index (CPI) report, published on Monday, November 17, confirmed the decline from September’s 18.02%. Despite this, month-on-month inflation rose by 0.93% in October.
The report also noted a mild easing in food prices, with food inflation falling by 0.37% on a month-on-month basis.
0 Comments