Nigeria's Inflation Rate Drops to 16.05% in October - NBS Report

Nigeria's inflation rate decreased to 16.05% in October 2025, down from 18.02% in September 2025, according to the National Bureau of Statistics (NBS). The Consumer Price Index (CPI) inflation report revealed a 0.93% month-on-month decline, with food inflation also dropping by 0.37%.

Analysts had predicted a continued slowdown in inflation, aligning with recent trends in the economy.