- Safiu Kehinde
The Nigerian Bureau of Statistics (NBS) has announced a drop in the country’s headline inflation rate from 16.05 percent recorded in October 2025 to 14.45 percent recorded in November.
This was contained in the latest Consumer Price Index (CPI) released by the bureau on Monday.
The new rate represented a decline of 1.6 percentage on month-on-month basis.
In the same vein, food inflation also recorded a significant drop to 11.08% year on year in November compared with 13.12% in October.
“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 per cent compared to the October 2025 Headline inflation rate,” the NBS report read.
According to report, food and non-alcoholic beverages remained the largest contributor to headline inflation on a year-on-year basis.
They accounted for 5.78 percentage points, followed by restaurants and accommodation services at 1.87 percentage points and transport at 1.54 percentage points.
Housing, water, electricity, gas, and other fuels contributed 1.22 percentage points, while education services and health accounted for 0.90 and 0.88 percentage points, respectively.
At the month-on-month level, food and non-alcoholic beverages also drove price increases, contributing 0.49 percentage points, followed by restaurants and accommodation services at 0.16 percentage points and transport at 0.13 percentage points.