Korede Abdullah 
ABUJA, Nigeria – Nigeria’s headline inflation rate drops to 14.45 per cent in November 2025, the lowest level recorded in five years, offering tentative relief to households strained by rising living costs.
The National Bureau of Statistics (NBS) announced the figures on Monday, showing a sharp slowdown from 16.05 per cent in October, a decline of 1.6 percentage points within a month. “In November 2025, the headline inflation rate eased to 14.45 per cent,” the bureau says, citing moderation in price pressures across key consumption categories.
On a year-on-year basis, inflation falls dramatically from 34.60 per cent in November 2024, although NBS notes that the comparison reflects a revised base year. Despite the annual easing, month-on-month inflation edged higher to 1.22 per cent, up from 0.93 per cent in October, indicating persistent short-term price pressures.
Food inflation also slows, dropping to 11.08 per cent from 13.12 per cent the previous month. NBS attributes the sharp annual decline—down from nearly 40 per cent a year earlier—largely to the statistical base-year adjustment rather than a full pass-through of lower food prices.
Economists caution that while the figures signal improving stability, households may not yet feel significant relief, especially amid high transport and energy costs. The data nonetheless strengthens expectations of easing inflationary pressure as policymakers assess monetary and fiscal responses going into 2026.
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Edino Chubiyo Cornelius 
Oluwafunbi Bello 
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Hussaini Ibrahim