- Safiu Kehinde
Nigeria has recorded a drop in its headline inflation rate to 16.05 per cent in October 2025 as against 18.02 per cent recorded in September.
This was contained in the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Monday.
According to the report, the October 2025 headline inflation rate recorded a 1.96 per cent decrease.
This also indicated that the country has now recorded seven consecutive months of declining inflation since April 2025.
On a year-on-year basis, the headline inflation rate was 17.82 per cent lower than the rate recorded in October 2024 (33.88 per cent).
It however stood at 0.9 per cent on a month-on-month basis which was 0.21% higher than the rate recorded in September 2025 (0.72 per cent).
Similarly, the NBS data recorded a drop in food inflation rate in October 2025 to 13.12 per cent on a year-on-year basis.
This was 26.04 per cent points lower compared to the rate recorded in October 2024 (39.16 per cent).
The NBS attributed the significant decline in the annual food inflation figure to the change in the base year.
However, on a month-on-month basis, the food inflation rate in October 2025 was -0.37 per cent, up by 1.21 per cent compared to September 2025 (- 1.57 per cent).
This, according to the NBS was caused by the rate of increase in the average prices of Onions (Fresh), Fruits (Oranges, Pineapple), Shrimp, Groundnuts (Unshelled), Vegetables (Ugu, Okazi leaf), and Meat (Goat meat, Cow tail, Liver), among others.
The average annual rate of Food inflation for the twelve months ending October 2025 over the previous twelve-month average was 21.96 per cent, which was 16.16 per cent points lower compared with the average annual rate of change recorded in October 2024 (38.12 per cent).