By Niyi Jacobs
Nigeria’s headline inflation rate eased to 14.45 per cent in November 2025, down from 16.05 per cent recorded in October, despite a continued rise in food prices across the country.
This was disclosed in the latest Consumer Price Index (CPI) and Inflation Report released on Monday by the National Bureau of Statistics (NBS).
According to the report, headline inflation declined by 1.22 percentage points in November, a sharper drop compared to the 0.29 per cent decrease recorded in the previous month.
However, the NBS noted that food inflation increased, with the month-on-month food inflation rate rising to 1.13 per cent in November, compared to –0.37 per cent in October 2025. The bureau attributed the increase to higher prices of key food items, including dried tomatoes, cassava tubers, shelled periwinkle, ground pepper, eggs, crayfish, unshelled melon (egusi), oxtail and fresh onions.
“On a month-on-month basis, the headline inflation rate in November 2025 was 1.22 per cent, which was 0.29 per cent higher than the rate recorded in October 2025 (0.93 per cent),” the NBS stated.
It added that the rise in food inflation reflects persistent pressure on household food costs, despite the overall slowdown in headline inflation.
The development comes after Financial Derivatives Company Limited (FDC) had projected a further decline in Nigeria’s inflation rate in November, citing easing price pressures in some sectors of the economy.
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