THE National Bureau of Statistics has said that Nigeria’s headline inflation rate has dropped to 16.05 per cent in October 2025.
News Point Nigeria reports that the NBS disclosed this in its Consumer Price Index and and Inflation report released on its verified X (formerly Twitter) handle on Monday.
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.
Data from the report indicate that the country has now recorded seven consecutive months of declining inflation since April 2025.
On a year-on-year basis, the headline inflation rate was 17.82 per cent lower than the rate recorded in October 2024 (33.88 per cent).
On a month-on-month basis, the headline inflation rate in October 2025 was 0.9 per cent, which was 0.21% higher than the rate recorded in September 2025 (0.72 per cent).
According to the NBS data, the food inflation rate in October 2025 was 13.12 per cent on a year-on-year basis.
This was 26.04 per cent points lower compared to the rate recorded in October 2024 (39.16 per cent).
The NBS noted that the significant decline in the annual food inflation figure is technically due to the change in the base year.
However, on a month-on-month basis, the food inflation rate in October 2025 was -0.37 per cent, up by 1.21 per cent compared to September 2025 (- 1.57 per cent).
The increase, according to the NBS, can be attributed to the rate of increase in the average prices of Onions (Fresh), Fruits (Oranges, Pineapple), Shrimp, Groundnuts (Unshelled), Vegetables (Ugu, Okazi leaf), and Meat (Goat meat, Cow tail, Liver), among others.
The average annual rate of Food inflation for the twelve months ending October 2025 over the previous twelve-month average was 21.96 per cent, which was 16.16 per cent points lower compared with the average annual rate of change recorded in October 2024 (38.12 per cent).
The NBS report showed that on a year-on-year basis, in October 2025, the urban inflation rate was 15.65 per cent, showing 20.73 per cent points lower compared to the 36.38 per cent recorded in October 2024.
On a month-on-month basis, the urban inflation rate was 1.14 per cent in October 2025, up by 0.4 per cent compared to September 2025 (0.74 per cent).
The corresponding twelve-month average for the urban inflation rate was 22.68 per cent in October 2025. This was 11.84 per cent points lower compared to the 34.52 per cent reported in October 2024, according to the data.
