Nigeria Inflation Falls to 14.45% in November

The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate eased to 14.45 per cent in November 2025.

The decline, contained in the consumer price index (CPI) report released on Monday, marks the eighth straight monthly drop this year and places inflation below President Bola Tinubu’s 15 per cent target.

NBS data show that the November figure fell from 16.05 per cent in October 2025.

At 14.45 per cent, inflation now stands at its lowest level in five years, last seen during the COVID-19 period when headline inflation hovered around 14 per cent in October 2020, according to Central Bank of Nigeria figures.

inflation (News Central TV)

The Bureau noted that, on a year-on-year basis, inflation in November 2025 was 20.15 percentage points lower than the 34.60 per cent recorded in November 2024.

“This indicates that the headline inflation rate declined in November 2025 compared with the same month of the previous year,” the NBS stated.

However, on a month-on-month basis, inflation rose to 1.22 per cent in November, up from 0.93 per cent in October.

According to the agency, this means average prices increased at a faster pace in November than they did in the preceding month.

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