Nigeria’s Headline inflation rate eased to 16.05% in October 2025 from the September 2025 headline inflation rate of 18.02%. The October 2025 Headline inflation rate showed a decrease of 1.96% compared to the September 2025 Headline inflation rate.
On a year-on-year basis, the Headline inflation rate was 17.82% lower than the rate recorded in October 2024 (33.88%). This shows that the Headline inflation rate (year-on-year basis) decreased in October 2025 compared to the same month in the preceding year.
On a month-on-month basis, the Headline inflation rate in October 2025 was 0.93%, which was 0.21% higher than the rate recorded in September 2025 (0.72%).
Food Inflation Persists
Food inflation rate in October 2025 was 13.12% on a year-on-year basis. This was 26.04% points lower compared to the rate recorded in October 2024 (39.16%). The significant decline in the annual food inflation figure is technically due to the change in the base year to 2009.
On a month-on-month basis, the Food inflation rate in October 2025 was -0.37%. This was up by 1.21% compared to September 2025 (1.57%). This increase is attributed to the average price rise of Onions (Fresh), Fruits (Oranges, Pineapple), Shrimp, Groundnuts (Unshelled), Vegetables (Ugu, Okazi leaf), and Meat (Goat meat, Cow tail, Liver).
in October 2025, Urban inflation rate stood at 15.65%, showing 20.73% points lower compared to the 36.38% recorded in October 2024. On a month-on-month basis, Urban inflation rate was 1.14% in October 2025, up by 0.4% compared to September 2025 (0.74%).
Rural inflation rate in October 2025 was 15.86% on a year-on-year basis. This was 15.73% points lower compared to the 31.59% recorded in October 2024. On a month-on-month basis, the Rural inflation rate in October 2025 was 0.45%. It was down by 0.22% compared to September 2025 (0.67%).