Nigeria’s inflation fell to 16.05% in October 2025, down from 18.02% in September, driven largely by a significant slowdown in food inflation.
The figure presents the Eleventh times’ hike in Nigeria’s inflation headline inflation rates in 2023.
Inflation has remained persistently high in Nigeria, prompting the central bank to raise interest rates to their highest levels in nearly two decades.
The July 2023 rate showed an increase of 1.29% points when compared to the previous month’s which was 22.79%
Nigerian laments high cost of goods and services in the market as the country’s inflation rate rose to 22.04%...
