Nigeria’s inflation rate slowed sharply in November 2025, offering rare relief for households after years of rising prices.
Figures from the National Bureau of Statistics (NBS) show headline inflation fell to 14.45%, down from 16.05% in October. That is a drop of 1.6 percentage points and the lowest level recorded in five years.
The data was published on Monday in the NBS Consumer Price Index (CPI) report for November 2025.
Sharp fall compared with last year
The statistics agency said inflation was far lower than a year earlier. On a year-on-year basis, headline inflation was 20.15 percentage points lower than in November 2024, when it stood at 34.60%.
The NBS noted that while prices are still rising, the pace of increase has slowed compared with the same period last year. It added that the figures were calculated using a different base year, November 2009, which affects year-on-year comparisons.
Monthly prices still rising
Despite the overall slowdown, prices continued to rise on a monthly basis. The NBS said inflation increased by 1.22% in November, compared with 0.93% in October.
This means the average price level rose faster in November than it did the previous month, even though the broader inflation trend is easing.
Food inflation also eases
Food inflation, a key concern for many Nigerians, also declined during the month. The NBS reported that food inflation fell to 11.08% in November, down from 13.12% in October.
Compared with a year earlier, food inflation dropped sharply from 39.93% in November 2024, a fall of 28.85 percentage points. The statistics agency said much of this steep annual decline was linked to the change in the base year used to calculate inflation.
The latest figures suggest some improvement in price pressures, but analysts say the cost of living remains high for many Nigerians.