Nigeria's headline inflation rate has eased to 14.45% in November 2025, according to the National Bureau of Statistics.
The National Bureau of Statistics (NBS) has reported that Nigeria's headline inflation rate declined to 14.45% in November 2025, down from 15.12% in October. This marks the third consecutive month of declining inflation, signaling some success in the government's monetary policy measures. The NBS attributed the decline to improved food supply, stable exchange rates, and reduced energy costs following the Dangote Refinery's price reduction. Food inflation, which has been a major driver of overall inflation, also moderated to 16.8% from 17.9% in the previous month. Economists have cautiously welcomed the development but warned that sustained efforts are needed to bring inflation to single digits.