The recent inflation report by the National Bureau of Statistics (NBS) revealed that Nigeria’s headline inflation rate dropped to 14.45% in November 2025, from the 16.05% recorded in October 2025.
According to the latest figures released by the National Bureau of Statistics (NBS) on Monday, this represented a decline of 1.6 percentage points month-on-month.
Consumer inflation peaked near 35% last December before falling after the NBS revised its base year and adjusted the weight of items in its price basket.
Food inflation was at 11.08% year on year in November compared with 13.12% in October.
“The Consumer Price Index rose to 130.5 in November 2025, reflecting a 1.6-point increase from the preceding month (128.9).
Data from the report showed that the average CPI for the twelve months ending November 2025 increased by 20.41 per cent compared with the average of the preceding twelve months, representing a sharp slowdown from the 32.77 per cent recorded in November 2024.
Food and non-alcoholic beverages remained the largest contributor to headline inflation on a year-on-year basis, accounting for 5.78 percentage points, followed by restaurants and accommodation services at 1.87 percentage points and transport at 1.54 percentage points.