Gloria Robert, Abuja
Nigeria’s headline inflation rate decreased to 14.45 per cent in November, the National Bureau of Statistics (NBS) has reported.
The bureau announced the drop in its Consumer Price Index (CPI) report on Monday, marking the eighth consecutive decline in 2025 and surpassing President Bola Tinubu’s 15 per cent target.
According to the NBS, the November rate was lower than the 16.05 per cent recorded in October 2025. It is also the lowest inflation rate in five years, returning to levels last seen during the COVID-19 pandemic, when headline inflation stood at 14 per cent in October 2020, data from the Central Bank of Nigeria (CBN) showed.
The bureau said the current inflation rate represents a 20.15 per cent decline compared to the rate recorded in November 2024, which was 34.60 per cent.
“This shows that the headline inflation rate on a year-on-year basis decreased in November 2025 compared to the same month in the preceding year,” the NBS said.
On a month-on-month basis, the bureau said headline inflation in November 2025 was 1.22 per cent, up 0.29 per cent from the 0.93 per cent recorded in October.
“This means that in November 2025, the rate of increase in the average price level was higher than the rate of increase in the average price level in October 2025,” the agency added.
