The National Bureau of Statistics (NBS) on Monday announced that Nigeria’s headline inflation rate has dropped to 16.05 per cent in October 2025.
The NBS made this disclosed in its Consumer Price Index and Inflation report released on its verified X (formerly Twitter) handle on Monday.
According to the report, the inflation rete fell from 18.02 per cent recorded in September. It added that on a month-on-month basis, headline inflation rose by 0.93 per cent in October.
The report also showed a slight easing in food prices, with food inflation declining by 0.37 per cent month-on-month.
The figure represents the seventh consecutive month of decline in the country’s inflation rate this year.
More details later…
