Nigeria’s inflation rate drops to 16.05%

 

The National Bureau of Statistics has said that Nigeria’s headline inflation rate dropped to 16.05 per cent in October 2025.

The NBS disclosed this in its Consumer Price Index and and Inflation report released on its verified X (formerly Twitter) handle on Monday.

According to the report, the inflation rete fell from 18.02 per cent recorded in September. It added that on a month-on-month basis, headline inflation rose by 0.93 per cent in October.

The report also showed a slight easing in food prices, with food inflation declining by 0.37 per cent month-on-month.

The figure represents the seventh consecutive month of decline in the country’s inflation rate this year.

More details later…

Related Posts

FG won’t publish details of $5bn Abu Dhabi loan — Oyedele

  The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has rejected calls for the Federal Government to publish details of how it plans to spend funds…

16 million Nigerians to face hunger crisis by January 2027 – Report

At least 16.99 million Nigerians will face acute hunger by January 2027, the latest projections by the Famine Early Warning Systems Network show. The figures are contained in FEWS NET’s…

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

Ogun prison: Mother nabbed trying to ‘sneak in drug’ for son on Death Row

  • By admin
  • August 31, 2026
  • 6 views
Ogun prison: Mother nabbed trying to ‘sneak in drug’ for son on Death Row

EFCC dismissed over 40 staff for corruption, financial malpractice in three years — Chairman

  • By admin
  • August 31, 2026
  • 6 views
EFCC dismissed over 40 staff for corruption, financial malpractice in three years — Chairman

EXTRA: Borno Commissioner threatens to cut off fingers of those who vote against APC

  • By admin
  • August 31, 2026
  • 8 views
EXTRA: Borno Commissioner threatens to cut off fingers of those who vote against APC

EFCC recovers N1.23tn, $684m in 32 months – Olukoyede

  • By admin
  • August 31, 2026
  • 13 views
EFCC recovers N1.23tn, $684m in 32 months – Olukoyede

Crude Prices Rise Above $90 Per Barrel On US-Iran Strikes

  • By admin
  • August 31, 2026
  • 6 views
Crude Prices Rise Above $90 Per Barrel On US-Iran Strikes

Court remands Brazil-based Nigerian businessman over ‘importation of cocaine’

  • By admin
  • August 31, 2026
  • 7 views
Court remands Brazil-based Nigerian businessman over ‘importation of cocaine’