Nigeria’s inflation fee eased considerably to 16.05 per cent in October 2025, down from 18.02 per cent recorded in September, based on the most recent Shopper Value Index launched by the Nationwide Bureau of Statistics.
The general CPI rose to 128.9 factors from 127.7 factors in September, representing a 1.2-point improve within the index. On a year-on-year foundation, headline inflation decreased by 17.82 share factors from the 33.88 per cent recorded in October 2024, reflecting the influence of the brand new CPI base yr and a normal slowdown in value will increase.
Month-on-month inflation, nonetheless, edged increased to 0.93 per cent, in contrast with 0.72 per cent in September.
Meals inflation, which stays a significant driver of the general index, dropped sharply to 13.12 per cent year-on-year from 39.16 per cent in October final yr.
The bureau attributed the annual decline largely to the change within the base yr, at the same time as meals costs elevated month-on-month by –0.37 per cent, up from –1.57 per cent in September.
The rise was pushed by increased costs of onions, oranges, pineapple, shrimp, unshelled groundnuts, greens corresponding to ugu and okazi leaf, and meat objects together with goat meat, cow tail and liver.
Core inflation, which excludes risky farm produce and power, stood at 18.69 per cent in October, decrease than the 28.37 per cent recorded a yr earlier. On a month-to-month foundation, core inflation was 1.416 per cent, virtually the identical because the 1.417 per cent recorded in September.
The typical inflation fee for the 12 months ending October 2025 stood at 22.02 per cent, exhibiting a lower of 10.24 share factors from 32.26 per cent recorded within the corresponding interval of 2024.
City inflation decreased to fifteen.65 p.c year-on-year from 36.38 p.c in October 2024, whereas rural inflation fell to fifteen.86 p.c from 31.59 p.c throughout the identical timeframe
City costs elevated by 1.14 per cent month-on-month, increased than the 0.74 per cent recorded in September, whereas rural costs rose by 0.45 per cent, decrease than 0.67 per cent recorded the earlier month.
Main contributors to the headline index on a year-on-year foundation embody Meals and Non-Alcoholic Drinks at 6.42 per cent, Eating places and Lodging Providers at 2.07 per cent, Transport at 1.71 per cent, Housing, Water, Electrical energy, Gasoline and Different Fuels at 1.35 per cent, and Schooling Providers at 1.00 per cent.
Month-on-month, meals objects contributed 0.37 per cent, adopted by eating places and lodging (0.12 per cent) and transport (0.10 per cent).
Throughout the states, Ekiti recorded the best all-items inflation fee at 20.14 per cent, adopted by Nasarawa at 18.97 per cent and Zamfara at 18.81 per cent.
Bauchi posted the bottom year-on-year inflation at 9.99 per cent, with Anambra (11.72 per cent) and Gombe (11.73 per cent) additionally recording slower value will increase.
Meals inflation was highest in Ogun (20.85 per cent), Nasarawa (19.96 per cent) and Ekiti (19.70 per cent), whereas the slowest charges had been recorded in Akwa Ibom (3.98 per cent), Katsina (4.15 per cent) and Yobe (4.29 per cent).