Nigeria’s National Bureau of Statistics (NBS) has announced that the country’s headline inflation rate eased in November 2025 to 14.45 per cent.
According to the monthly report of published by the NBS on Monday, the Consumer Price Index rose to 130.5 points in November 2025 from 128.9 points in October, reflecting a 1.6-point increase month on month, but the headline inflation rate declined to 14.45 per cent year on year, compared with 16.05 per cent recorded in October 2025.
“The Consumer Price Index rose to 130.5 in November 2025, reflecting a 1.6-point increase from the preceding month (128.9).
“In November 2025, the Headline inflation rate eased to 14.45 per cent relative to the October 2025 headline inflation rate of 16.05 per cent.
“Looking at the movement, the November 2025 Headline inflation rate showed a decrease of 1.6 per cent compared to the October 2025 Headline inflation rate,” the NBS said.
On a month-on-month basis, headline inflation stood at 1.22 per cent in November, higher than the 0.93 per cent recorded in October, indicating that average prices still increased at a faster pace during the month despite the moderation in annual inflation.
The NBS noted that on a year-on-year basis, headline inflation in November 2025 was 20.15 percentage points lower than the 34.60 per cent recorded in November 2024, largely reflecting the effect of the rebasing exercise, with the new base year set at 2024 instead of 2009.
Data from the report showed that the average CPI for the twelve months ending November 2025 increased by 20.41 per cent compared with the average of the preceding twelve months, representing a sharp slowdown from the 32.77 per cent recorded in November 2024.
Food and non-alcoholic beverages remained the largest contributor to headline inflation on a year-on-year basis, accounting for 5.78 percentage points, followed by restaurants and accommodation services at 1.87 percentage points and transport at 1.54 percentage points.
GIK/APA