Nigeria’s inflation continued its downward trend in October 2025 as new data from the National Bureau of Statistics, NBS, confirmed a further drop in the nation’s headline inflation rate.
According to the latest Consumer Price Index and Inflation Report published by the NBS on Monday via its official X account, headline inflation eased to 16.05 per cent in October, down from 18.02 per cent recorded in September.
Despite the annual decline, the Bureau noted a 0.93 per cent month-on-month increase in price levels.
Food inflation also showed modest relief, declining by 0.37 per cent on a month-to-month basis. The Bureau highlighted that the October figures mark the seventh straight month of easing inflationary pressure in 2025.
On a year-on-year basis, headline inflation stood at 17.82 percent, significantly lower than the 33.88 percent reported in October 2024. The NBS noted that the comparison reflects the shift to a new base year of November 2009.
Urban inflation was recorded at 15.65 percent in October 2025, representing a sharp drop from the 36.38 per cent noted in the same period last year. Month-on-month, urban inflation rose to 1.14 percent, slightly higher than the 0.74 percent recorded in September.
Rural inflation also eased, with a year-on-year rate of 15.86 percent compared to 31.59 percent in October 2024. Month-on-month figures fell to 0.45 per cent from 0.67 per cent previously.
Food inflation on an annual basis settled at 13.12 percent, down 26.04 percentage points from the 39.16 percent recorded a year earlier, an improvement largely attributed to the revised base year.
However, food prices edged upward month-on-month at -0.37 percent, influenced by higher costs of key items such as fresh onions, oranges, pineapples, shrimp, unshelled groundnuts, ugu leaves, okazi leaves, goat meat, cow tail, and liver.
The NBS reported that the average annual food inflation rate for the 12 months ending October 2025 stood at 21.96 per cent, marking a significant decline from 38.12 per cent in October 2024.
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