Nigeria’s inflation trajectory showed a notable improvement in October 2025, with the headline inflation rate easing to 16.05%, a significant decline from the 18.02% recorded in September 2025.
The latest figures signal a gradual cooling of price pressures across the economy after months of sustained inflationary strain.
According to the newly released data, the month-on-month (MoM) headline inflation rate stood at 0.93%, indicating a slower pace of price increases compared to previous months.
This moderation suggests that policy interventions, improved supply conditions, and stabilizing market dynamics may be beginning to yield positive results.
One of the most striking developments in the report is the movement in food prices. In October, the food inflation rate recorded a MoM decline of –0.37%, marking a rare and welcome relief for households that have been burdened by surging food costs. The drop reflects slight improvements in the availability of key food items as well as easing pressures in transportation and logistics.
Economists note that while the year-on-year inflation level remains relatively high, the downward trend observed in October could indicate a potential turning point—provided the underlying drivers of inflation continue to be addressed.
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