Food inflation has again dropped in October 2025 to 13.12 per cent, down from 16.87 per cent in September, following the easing of prices for maize, garri, and beans.
Recent data from the National Bureau of Statistics (NBS) revealed that softer food prices led to a second consecutive month-on-month disinflation of 0.37 per cent, down from 1.57 per cent recorded in September.
Similarly, headline inflation rate eased to the seventh consecutive month to 16.05 per cent in the period relative to the September 2025 headline inflation rate of 18.02 per cent.
Analysts at Meristem and several investment firms projected food inflation to ease further in the near term, supported by the ongoing harvest season and government food security interventions.
On a state level, food inflation was highest in Ogun State at 20.58 per cent, Nasarawa at 19.96 per cent and Ekiti at 19.70 per cent. While Akwa Ibom, Katsina and Yobe recorded the lowest food inflation in the period with 3.98 per cent, 4.15 per cent and 4.29 per cent, respectively.