The Digest: The National Bureau of Statistics confirmed Nigeria’s inflation rate fell sharply to 14.45% in November, a level not seen in recent memory. According to official data published on Monday, the figure is a stark contrast to last year’s crippling price surges, prompting cautious optimism. Yet, beneath the encouraging headline, market shelves tell a story of pressure that is still very much present, reminding us that economic stability is a chapter, not just a page.
Key Points:
- Headline inflation dropped to 14.45% in November 2025 from 16.05% the previous month.
- On a year-on-year basis, this marks a dramatic 20.15% fall from November 2024’s 34.60%.
- Food inflation also eased significantly to 11.08% year-on-year.
- Despite the annual improvement, month-on-month food prices actually rose by 1.13%.
- The report attributes monthly increases to staples like tomatoes, cassava, eggs, and onions.
- The shift reflects a potential cooling from aggressive monetary and fiscal tightening.
- The data aligns with recent GDP growth, hinting at a possible “soft landing” for the economy.
Sources: National Bureau of Statistics (NBS), Premium Times, Channels TV.
