Nigeria’s headline inflation fell to 14.45 percent in November, down from 16.05 percent in October.
This is according to the National Bureau of Statistics’ latest Consumer Price Index and Inflation report released on Monday.
The report showed that the country’s inflation declined further by 1.22 percent compared to the 0.29 percent recorded in the previous month.
Meanwhile, the food inflation rate in November 2025 was 1.13 percent, up by 1.5 percent compared to October 2025 (-0.37 percent). NBS attributed it to the rate of increase in the average prices of tomatoes (dried), cassava tubers, periwinkle (shelled), ground pepper, eggs, crayfish, melon (egusi) unshelled, oxtail, onions (fresh), etc.
“On a month-on-month basis, the headline inflation rate in November 2025 was 1.22 percent, which was 0.29 percent higher than the rate recorded in October 2025 (0.93 percent).
“On a month-on-month basis, the food inflation rate in November 2025 was 1.13 percent, up by 1.5 percent compared to October 2025 (-0.37 percent),” NBS stated.
This is coming after Financial Derivatives Company Limited forecasted that the country’s inflation would drop further in November.
