Nigeria’s Inflation Rate Drops for Seventh Consecutive Month in October

Nigeria’s inflation rate has continued its downward trend, falling for the seventh straight month to 16.05% in October 2025, down from 18.02% recorded in September.
This is according to the latest Consumer Price Index (CPI) released on Monday by the National Bureau of Statistics (NBS).

The new figures show a 0.93% month-on-month decline, signaling ongoing improvement in price stability across the country.

Food Inflation Also Drops

The report also confirmed a slight improvement in food prices, with food inflation dropping by 0.37% month-on-month. For many Nigerians, food costs remain a major driver of living expenses, making this decline a welcome development.

NBS Statement

Sharing the update via its official X handle, the NBS wrote:

“In October 2025, the headline inflation rate eased to 16.05 percent relative to the September 2025 headline inflation rate of 18.02 percent.
The headline inflation rate was 0.93 percent MoM.
The food inflation rate was -0.37 percent MoM.”

What This Means

The continuous decline in inflation suggests that government policies aimed at stabilising the economy may be taking effect. However, analysts say sustained improvement will depend on addressing structural issues affecting food supply, transportation, and production costs.

For now, the latest data offers a glimmer of hope for Nigerians battling high living costs.