Nigeria’s headline inflation dropped to 14.45 percent in November from 16.05 percent in October, the National Bureau of Statistics (NBS) reported on Monday. The decline of 1.22 percent month-on-month marks a sharper decrease compared to October’s 0.29 percent fall, indicating a gradual easing of overall price pressures across the country.
Analysts had forecasted a continued reduction in inflation for November, reflecting moderate improvement in economic conditions.
Despite the overall decline, food inflation rose to 1.13 percent in November, up from -0.37 percent in October. NBS attributed the increase to rising prices of key staples such as dried tomatoes, cassava tubers, periwinkle, ground pepper, eggs, crayfish, melon (egusi), oxtail, and fresh onions. “The month-on-month food inflation rate in November was 1.13 percent, up by 1.5 percent compared to October 2025,” the bureau stated.
The report highlights the mixed trends in Nigeria’s economy, where overall inflation shows signs of easing but rising food costs continue to strain household budgets. While headline inflation is declining, consumers are still facing higher expenses for essential food items, underlining the need for policies to stabilize prices and ensure affordability in the coming months.