Inflation Maintains Downward Trend At 14.45 percent in November, Says NBS Report

The contributions of items on the Divisional level to the Headline Index are presented above 👆

Statistics released by the National Bureau of Statistics (NBS), Monday, showed a further decline in the nation’s inflationary trend to 14.45 percent in November as against 16.05 percent recorded in the previous month of October, 2025.

“Looking at the movement, the November 2025 Headline inflation rate showed a decrease of 1.6% compared to the October 2025 Headline inflation rate”, the Bureau stated in the Consumer Price Index (CPI) report released Monday.

The Bureau explained that the Consumer Price Index (CPI) rose to 130.5 in November 2025, reflecting a 1.6-point increase from the  preceding month (128.9).

On a year-on-year basis, the Headline inflation rate was 20.15% lower than the rate recorded in November
2024 (34.60%). This shows that the Headline inflation rate (year-on-year basis) decreased in November 2025 compared to the same month in the preceding year (i.e., November 2024), though with a different base year, November 2009 = 100.

On a month-on-month basis, the Headline inflation rate in November 2025 was 1.22%, which was 0.29% higher than the rate recorded in October 2025 (0.93%). This means that in November 2025, the rate of increase in the average price level was higher than the rate of increase in the average price level in October 2025.

In the case of food inflation, in November 2025, Food inflation on a Year-on-Year basis was highest in Kogi (17.83%), Ogun (16.52%), and Rivers (16.11%), while Imo (3.52%), Katsina (3.65%), and Akwa Ibom (4.52%) recorded the slowest rise in Food inflation on a Year-on-Year basis.

On a Month-on-Month basis, however, November 2025 Food inflation was highest in Yobe (9.52%), Katsina (6.61%) and Ondo (6.04%), while Imo (-6.49%), Nasarawa (-5.48%), and Enugu (-2.54%) recorded a decline in Food inflation on a Month-on-Month basis.