Nigeria’s headline inflation rate moderated to 14.45 per cent in November 2025, marking a significant slowdown from the 16.05 per cent recorded in October 2025.
This is according to the latest figures released by the National Bureau of Statistics (NBS) on Monday.
This represents a decline of 1.6 percentage points month-on-month, indicating easing price pressures across the economy after several months of elevated inflation.
On a year-on-year basis, the bureau said the headline inflation rate was 20.15 percentage points lower than the rate recorded in November 2024, which stood at 34.60 per cent.
“This shows that the headline inflation rate on a year-on-year basis decreased in November 2025 compared to the same month in the preceding year, though with a different base year of November 2009 = 100,” the report stated.
On a month-on-month basis, the NBS said the headline inflation rate in November 2025 stood at 1.22 per cent, representing an increase of 0.29 percentage points compared to the 0.93 per cent recorded in October 2025.
“This means that in November 2025, the rate of increase in the average price level was higher than the rate recorded in October 2025,” it added.
The bureau also reported a decline in food inflation, which fell to 11.08 per cent in November 2025 from 13.12 per cent in October.
According to the NBS, the food inflation rate on a year-on-year basis was 11.08 per cent in November 2025, representing a drop of 28.85 percentage points from the 39.93 per cent recorded in November 2024.
The NBS explained that the significant decline in the annual food inflation figure was largely due to the change in the base year used for computation.
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