The National Bureau of Statistics (NBS) has reported a marginal drop in Nigeria’s inflation rate for the seventh consecutive month.
The country’s headline inflation rate declined Month-on-Month from 18.02% in September 2025 to 16.05% in October 2025, a 1.97%.
On a Year-on-Year basis, the inflation rate fell to 16.05% in October 2025 from 33.88% recorded in October 2024, revealing a significant reduction compared to the same period last year.
The Consumer Price Index (CPI), which measures changes in the average prices of goods and services, rose to 128.9 basis points in October 2025, up from 127.7 basis points in September 2025, indicating a 1.2 point increase.
Nigeria’s CPI growth rate, however, decreased from 32.26% in October 2024 to 10.24% in October 2025.
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Urban Inflation closed at 15.65% Year-on-Year and 1.14% Month-on-Month, while rural inflation closed at 15.86% Year-on-Year and 0.45% Month-on-Month.
For the Combined rural and urban State CPI on a Year-on-Year basis, Ekiti, Nasarawa and Zamfara recorded the highest increases in all-items inflation rate at 20.14%, 18.97%, and 18.81% respectively. Bauchi, Anambra, and Gombe recorded the lowest increases at 9.99%, 11.72%, and 11.73%.
On a Month-on-Month basis, Niger and Anambra recorded the highest rise in all-items inflation rate at 4.90%, each, followed by Enugu at 4.72%.
Edo, Kastina, and Adamawa recorded the lowest Month-on-Month changes with -4%, -3.26%, and -3.10% respectively.
For Nigeria’s food inflation in October 2025, Ogun, Nasarawa, and Ekiti recorded the highest Year-on-Year increases at 20.85%, 19.96%, and 19.70%. Akwa Ibom, Kastina, and Yobe posted 3.98%, 4.15%, and 4.29%.
Month-on-Month food inflation was highest in Bauchi (6.77%), the FCT (5.11%), and Niger (4.84%), while Kastina (-7.72%), Oyo (-5.89%), and Taraba (-4.89%) recorded the biggest decline.
