JUST IN: NIGERIA’S INFLATION DROPS TO 16.05%

November 17, 2025

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By: Sefiu Ajape

Nigeria’s inflation rate has maintained its downward trend, falling to 16.05 percent in October 2025, according to the latest Consumer Price Index (CPI) released by the National Bureau of Statistics (NBS).

This new rate reflects a significant drop from the 18.02 percent reported in September, marking the seventh straight month of easing inflation nationwide.

The NBS confirmed the development on Monday via its verified X (formerly Twitter) handle, noting that the sustained decline signals ongoing shifts in market conditions and price adjustments across major sectors.

However, despite the year-on-year decrease, the report shows that on a month-on-month basis, headline inflation increased by 0.93 percent in October, indicating persistent pressure on consumer prices in the short term.

The bureau added that a detailed sectoral review will shed more light on the major drivers of the decline, including “food inflation,” “core inflation,” and the “urban-rural” distribution.

With this latest trend, October’s figure further supports expectations of a gradual easing of inflationary pressures as policymakers continue to observe key economic indicators.