Nigeria's Inflation Rate Drops to 16.05% in October 2025
Nigeria's headline inflation rate decreased to 16.05% in October 2025, the lowest since 2017. The National Bureau of Statistics (NBS) reported a significant decline from 33.88% in October 2024.
Factors contributing to this improvement include better supply of goods, especially agricultural products, and a stable exchange rate. However, experts warn that sustaining this trend will require policy discipline and vigilance against potential disruptions like currency shocks and rising energy costs.
Plus234Feed summary based on reporting from NaijaNews. Read the original report below.
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