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Nigeria’s headline inflation rate dropped to 16.05 per cent in October 2025, the National Bureau of Statistics (NBS) has reported.
The bureau disclosed the development in its Consumer Price Index and Inflation report, shared on its verified X account on Monday.
According to the report, the inflation rate fell from 18.02 per cent recorded in September, while on a month-on-month basis, headline inflation increased by 0.93 per cent in October.
The report also indicated a slight easing in food prices, with food inflation declining by 0.37 per cent month-on-month.
This marks the seventh consecutive month of decline in Nigeria’s inflation rate this year, reflecting a gradual moderation in price pressures across the economy.
Analysts said the drop could boost consumer confidence and support economic activities, though they warned that sustained efforts would be needed to keep inflation within manageable levels.
The NBS report comes amid ongoing measures by the Central Bank of Nigeria and other economic agencies to stabilise prices and strengthen the naira.