Nigeria’s headline inflation rate fell to 16.05 per cent in October 2025, down from 18.02 per cent in September, the National Bureau of Statistics (NBS) reported on Monday.
The data marks the seventh consecutive month of easing inflation and represents a significant reduction compared to the 33.88 per cent recorded in October 2024—some 17.82 percentage points lower year-on-year.
In its breakdown, the NBS said food inflation moderated sharply to 13.12 per cent on an annual basis in October 2025, down from 39.16 per cent a year earlier.
On a month-on-month basis, food inflation recorded a decline of 0.37 per cent, though it noted price increases for items such as fresh onions, pineapple, groundnuts, leafy vegetables and goat meat.
Urban inflation came in at 15.65 per cent, while rural inflation was 15.86 per cent—both reflecting sizeable drops from the same period last year (36.38 per cent and 31.59 per cent respectively).
Despite the encouraging figures, the NBS flagged a monthly headline inflation rate of 0.93 per cent in October—slightly up from 0.72 per cent in September—indicating that price pressures remain present on a shorter-term basis.
