Nigeria’s inflation showed a major slowdown in October 2025, easing to 16.05%, down sharply from 18.02 percent in September.
This is according to the October consumer price index released on Monday by the National Bureau of Statistics, NBS.
The new data points to a gradual cooling of price pressures after months of strain on households and businesses.
According to the report, month-on-month inflation also moderated to 0.93%, reflecting a slower rise in the cost of goods and services. The decline was largely driven by drops in both food and core inflation.
Food inflation fell significantly to 13.1% in October, from 16.87% the previous month, following softer prices of key staples including maize, garri, beans, eggs and tomatoes.
Core inflation also eased to 18.7% from 19.53% in September.
There was also rare relief for families in October as food inflation posted a month-on-month decline of –0.37%. Officials attribute the slowdown to better availability of food items and reduced pressure on transport and logistics.
(Editor: Terverr Tyav)
