Nigeria’s inflation rate has continued its downward trajectory, dropping to 16.05 percent in October 2025, according to the latest Consumer Price Index (CPI) released by the National Bureau of Statistics (NBS).
The new figure represents a notable decline from the 18.02 percent recorded in September, marking the seventh consecutive month of easing inflation in the country.
The NBS announced the development on Monday through its verified X (formerly Twitter) handle, noting that the sustained decline reflects ongoing changes in market conditions and price adjustments across key sectors.
Despite the year-on-year drop, the report indicates that on a month-on-month basis, headline inflation rose by 0.93 percent in October, highlighting continued pressure on consumer prices at shorter intervals.
The bureau stated that detailed sectoral analysis will further provide insights into the drivers of the decline, including food inflation, core inflation, and urban-rural breakdowns.
With this latest movement, October’s figure strengthens expectations of a gradual moderation in inflationary pressures as policymakers continue to monitor economic indicators closely.
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