Nigeria’s inflation rate eased to 14.45% in November 2025, down from 16.05% in October, according to the National Bureau of Statistics (NBS). This marks a 1.6 percentage point decline, indicating a slowdown in year-on-year price increases.
On a year-on-year basis, headline inflation was 20.15 percentage points lower than the 34.60% recorded in November 2024. However, on a month-on-month basis, inflationary pressures firmed up, with the headline inflation rate rising to 1.22% in November 2025, up from 0.93% in October.
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Urban inflation stood at 13.61%, while rural inflation was higher at 15.15%. The 12-month average inflation rate was 20.41%, down from 32.77% in November 2024. The easing headline rate signals improving price stability, with underlying cost pressures persisting in some segments of the economy.