BREAKING: Nigeria’s Inflation Rate Drops To 16%

National Bureau of Statistics has said that Nigeria’s headline inflation rate has dropped to 16.05 per cent in October 2025.

The NBS disclosed this in its Consumer Price Index and and Inflation report released on its verified X (formerly Twitter) handle today

According to the report, the inflation rete fell from 18.02 per cent recorded in September. It added that on a month-on-month basis, headline inflation rose by 0.93 per cent in October.

The report also showed a slight easing in food prices, with food inflation declining by 0.37 per cent month-on-month.

The figure represents the seventh consecutive month of decline in the country’s inflation rate this year.