By Comfort Asemota
Nigeria’s headline inflation rate fell to 14.45% in November 2025, signaling a moderation in price pressures and suggesting that recent Central Bank of Nigeria (CBN) monetary tightening and foreign exchange reforms are beginning to show results.
The figure represents a 1.6 percentage-point decline from the 16.05% recorded in October 2025, according to data released on Monday by the National Bureau of Statistics (NBS). This marks one of the most significant month-on-month slowdowns in inflation this year, following prolonged periods of elevated prices caused by currency volatility, supply chain disruptions, and high food costs.
The NBS noted that the decline reflects a gradual easing of inflationary trends across key sectors of the economy, even though underlying cost pressures remain.
On a month-on-month basis, headline inflation rose to 1.22% in November, compared with 0.93% in October, indicating that while annual inflation is moderating, the pace of monthly price increases was slightly higher than in the previous period.
