Nigeria has entered its seventh straight month of easing inflation, as the National Bureau of Statistics, the institution responsible for compiling nationwide economic and demographic data, revealed that the country’s headline inflation rate slowed to sixteen point zero five percent in October 2025.
Okay News reports that this latest Consumer Price Index publication was released on Monday through the Bureau’s verified social media platform on X, formerly known as Twitter. The new figures indicate a notable improvement when compared with the eighteen point zero two percent recorded in September, marking a meaningful shift for Africa’s largest economy as it continues implementing monetary tightening and structural reforms.
In the detailed report, the National Bureau of Statistics stated that, despite the annual slowdown, the month-on-month inflation still increased by zero point nine three percent in October. According to the institution, this short-term increase is typical in periods of price adjustment but does not negate the broader downward trend that has been consistent since the beginning of the year.
The Bureau also highlighted developments in food prices, which play a major role in Nigeria’s cost of living due to the country’s high dependence on imported food items and agricultural supply challenges. The report showed that food inflation declined by zero point three seven percent month-on-month, indicating a mild relief for households already grappling with purchasing power pressures.
Economic analysts across West Africa and international financial institutions continue to observe Nigeria’s inflation trajectory closely, as the country’s performance has significant implications for the wider regional market. The National Bureau of Statistics maintained that this is now the seventh consecutive month of declining headline inflation, a trend that could improve domestic investment confidence if sustained through the year.
More updates are expected from monetary authorities and market experts as the implications of this inflation easing unfold nationwide.
