Nigeria’s headline inflation rate eased by 1.6 percentage points to 14.45 per cent in November 2025, down from 16.05 per cent recorded in October 2025, marking the lowest level in five years.
According to the NBS, “In November 2025, the headline inflation rate eased to 14.45 per cent relative to the October 2025 headline inflation rate of 16.05 per cent. Looking at the movement, the November 2025 headline inflation rate showed a decrease of 1.6 percentage points compared to the October 2025 rate.”
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.