Nigeria’s headline inflation rate declined sharply to 14.45 percent in November 2025, marking a notable easing in price pressures and falling below the 15 percent benchmark set by President Bola Tinubu’s administration.
The latest data, released on Monday by the National Bureau of Statistics (NBS), shows a 1.6 percentage point reduction from the 16.05 percent recorded in October, signaling the strongest month-on-month slowdown in several months.
The moderation suggests that recent economic measures aimed at stabilizing prices, improving supply chains, and tightening monetary conditions may be beginning to yield results after a prolonged period of elevated inflation.
Economists say the easing trend could provide some relief for households and businesses that have struggled with rising costs of food, transportation, and essential services throughout much of the year.
However, they caution that inflation remains relatively high and continued policy discipline will be required to sustain the downward trajectory.
The November outcome also strengthens the government’s narrative of improving macroeconomic stability, particularly as Nigeria grapples with debt servicing pressures, currency volatility, and broader cost-of-living concerns.
Further details on the inflation breakdown—covering food, core inflation, and regional price movements—are expected in the full NBS report.
