Nigeria’s headline inflation rate eased to 14.45 per cent in November, down from 16.05 per cent recorded in October, according to the latest Consumer Price Index and Inflation report released on Monday by the National Bureau of Statistics (NBS).
The data showed that inflation declined further by 1.22 per cent in November, compared to the 0.29 per cent drop recorded in the previous month, signalling a continued moderation in overall price pressures.
However, food prices continued to rise. The NBS reported that the food inflation rate stood at 1.13 per cent in November, representing an increase of 1.5 per cent compared to October, when food inflation was negative at -0.37 per cent.
The statistics agency attributed the uptick in food inflation to higher average prices of key items, including dried tomatoes, cassava tubers, shelled periwinkle, ground pepper, eggs, crayfish, unshelled melon (egusi), oxtail and fresh onions.“On a month-on-month basis, the headline inflation rate in November 2025 was 1.22 per cent, which was 0.29 per cent higher than the rate recorded in October 2025 (0.93 per cent),” the NBS said.
It added that “on a month-on-month basis, the food inflation rate in November 2025 was 1.13 per cent, up by 1.5 per cent compared to October 2025 (-0.37 per cent).”
The latest figures align with projections by Financial Derivatives Company Limited, which had earlier forecast a further decline in Nigeria’s inflation rate in November.
