Nigeria’s Inflation rate Eases to 14.45%
The Consumer Price Index (CPI) further eased to 14.45 per cent in November compared to 16.05 per cent in October 2025, the National Bureau of Statistics (NBS) has said .
Year-on-year, however, headline inflation rate stood at 20.15 per cent compared to 34.60 per cent in November 2024 (after rebasing).
The latest report released by NBS said on month-on-month, headline inflation rate rose to 1.22 per cent compared to 0.93 per cent in October.
Food inflation stood at 11.08 per cent, year-on-year in November from 39.93 per cent in November 2024.
The NBS attributed the significant decline in annual food inflation to the change in the base year.
However, month-on-month, the food stood at 1.13 per cent, compared to October 2025 -0.37 per cent in October.
The increase was attributed to the rate of increase in the average prices of tomatoes, cassava tuber, periwinkle, grounded pepper, eggs, crayfish, melon, unshelled, oxtail, onions, among others.
