Nigeria’s headline inflation charge declined to 14.45 per cent in November 2025, representing a notable moderation from the 16.05 per cent recorded in October 2025.
The figures had been launched on Monday by the Nationwide Bureau of Statistics, confirming a continued slowdown in worth pressures throughout the financial system.
The 1.6 percentage-point month-on-month decline factors to easing inflationary tendencies after a number of months of elevated costs.
The NBS additionally noticed that headline inflation fell when put next with the identical interval final yr, though the comparability displays a unique base yr (November 2009).
Based on the NBS, “On a month-on-month foundation, the Headline inflation charge in November 2025 was 1.22%, which was 0.29% increased than the speed recorded in October 2025 (0.93%).
Which means in November 2025, the speed of enhance within the common worth degree was increased than the speed of enhance within the common worth degree in October 2025.”
Knowledge from the NBS confirmed that city inflation stood at 13.61% in November 2025, a pointy decline of 23.49 share factors in comparison with 37.10% in November 2024.
On a month-on-month foundation, city inflation eased to 0.95%, down from 1.14% in October 2025. The twelve-month common city inflation charge for November 2025 was 20.80%, representing a 14.27 percentage-point drop from 35.07% recorded in the identical interval final yr.
For rural areas, the NBS reported a year-on-year inflation charge of 15.15% in November 2025, down by 17.12 share factors from 32.27% in November 2024.
Meals inflation additionally recorded a considerable decline. Based on the NBS, the meals inflation charge stood at 11.08% year-on-year in November 2025.
This marked a 28.85 percentage-point drop from the 39.93% recorded in November 2024, a discount largely linked to modifications within the base yr used for computation.
Regardless of the moderation, the NBS famous persistent worth will increase in a number of meals objects, together with dried tomatoes, cassava tubers, shelled periwinkle, floor pepper, eggs, crayfish, unshelled melon (egusi), oxtail, and contemporary onions.
In the meantime, core inflation, which excludes unstable agricultural produce and power costs, stood at 18.04% year-on-year in November 2025.