Nigeria's Inflation Rate Drops Below 15% Target in November 2025

Nigeria's headline inflation rate decreased to 14.45% in November 2025, below the 15% target set by President Bola Tinubu. The reduction was attributed to a decrease in food prices, particularly grains.

The inflation rate dropped by 1.6% compared to October 2025 and significantly lower than the 34.60% recorded in November 2024. Bola Tinubu had projected a 34.8% inflation rate peak in 2024.

The annual food inflation rate also declined to 28.85% in November 2025.