Nigeria’s inflation rate fell for the seventh consecutive month in October 2025, reaching 16.05%, down from 18.02% in September. This decline of 1.97 percentage points was confirmed by the National Bureau of Statistics (NBS) in its latest Consumer Price Index (CPI) report released on Monday.
The month-on-month decrease in inflation stood at 0.93%, signaling continued easing in the country’s price pressures. Food inflation, a key contributor to overall inflation, also showed a slight reduction of 0.37% compared to the previous month.
The NBS report, shared on X (formerly Twitter), highlighted the sustained moderation in inflationary trends. “In October 2025, the headline inflation rate eased to 16.05% relative to the September 2025 headline inflation rate of 18.02%. The headline inflation rate was 0.93% MoM. The food inflation rate was -0.37% MoM,” the NBS noted.
Analysts had anticipated this continued moderation, based on factors such as improved supply chains and the stability of key commodities. Despite the drop, inflation remains a significant challenge for households, especially in terms of food costs, though the overall trend suggests gradual improvement in economic conditions.
This development comes amid ongoing efforts by the Central Bank of Nigeria and other economic bodies to rein in inflation and stabilize the economy.