The Digest:
Nigeria's headline inflation rate fell to 16.05% in October 2025, marking the seventh consecutive monthly decline this year as reported by the National Bureau of Statistics.
Key Points:
- The NBS released the Consumer Price Index report for October 2025 on Monday.
- The latest figure of 16.05% shows a continued slowdown from previous months.
- This marks the seventh straight month of declining inflation in 2025.
- The sustained drop suggests a gradual easing of price pressures nationally.
- The report provides key data for economic planning and policy assessment.
- More detailed analysis of food and core inflation is expected to follow.
- The trend offers cautious optimism for consumers and businesses alike.
Sources: National Bureau of Statistics, The Cable
