Nigeria’s inflation rate has fallen for the seventh consecutive month, reaching 16.05 percent in October 2025, according to the latest National Bureau of Statistics (NBS) data. This marks a decline from the 18.02 percent recorded in September 2025. The Consumer Price Index and inflation report, released on Monday, shows a 0.93 percent month‑on‑month drop in the overall inflation rate.
Food inflation also eased, decreasing by 0.37 percent month‑on‑month. The NBS highlighted that the headline inflation rate eased to 16.05 percent in October, compared with the previous month’s 18.02 percent, indicating a continued moderation that aligns with analysts’ forecasts.
The downward trend suggests a slowdown in price increases for goods and services, a development that could boost consumer spending and support economic growth. Recent months have seen a steady decline in inflation, with the current rate the lowest in several months, pointing to a period of relative stability for Nigeria’s economy.
The NBS will keep monitoring inflation and will provide further updates on economic trends. While the latest figures meet expectations of further moderation, it remains important to track future data to determine whether this decline can be sustained and how it may influence economic policy and decision‑making.
Comments are closed for this story.