Abuja, Nov. 17, 2025 – Nigeria’s inflation rate has dropped further to 16.05 % in October from 18.02% in September.
The inflation rate has been dropping steadily in the last seven months.
The NBS disclosed this in its Consumer Price Index and Inflation report released on its verified X (formerly Twitter) handle on Monday.
The bureau attributed the drop in inflation rate partly to drop in the price of food items in October.
It said food inflation dropped by 0.37 percent on month-on-month basis during the month.
