Nigeria’s headline inflation rate decreased to 14.45 percent in November, the National Bureau of Statistics (NBS) reported. According to the report published yesterday, the headline inflation rate of 16.05 percent in October 2025 has decreased to 14.45 percent. The percentage falls short of President Bola Ahmed Tinubu’s 2025 aim of 15%. Recall that President Bola Tinubu promised during the budget presentation that the rate of inflation would drop from its peak of 34.8% in 2024 to 15%.Nigeria saw 10.32% of its inflation removed from the national database after the Consumer Price Index (CPI) was rebased. The decrease in food costs, particularly for grains, which has historically been the main factor contributing to an increase in inflation data, came next. What the updated data indicates According to the most recent data, the headline inflation rate in November 2025 was 1.6% lower than the headline inflation rate in October 2025. The Headline inflation rate was 20.15 percent lower year over year than it was in November 2024 (34.60 percent). This demonstrates that, although using a different base year—November 2009 = 100—the Headline inflation rate (year-over-year) dropped in November 2025 compared to the same month the year before (i.e., November 2024).
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