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Nigeria's Inflation Drops to 14.45%, Eighth Straight Decline

12/16/2025

41 10 Full Breakdown

Summary

Story summary

Nigeria's headline inflation fell to 14.45% in November 2025 from 16.05% in October, marking the eighth straight monthly decline.
Year-on-year inflation dropped 20.15 percentage points from 34.60% in November 2024, with food inflation at 11.08%.
Urban inflation stood at 13.61% and rural inflation at 15.15%.
Month-on-month inflation rose 1.22%, indicating ongoing price pressures.
Core inflation stood at 18.04%, down from 28.75% a year earlier.

History

Historical Context

Nigeria's Structural Adjustment Program, initiated in 1986, aimed to reform the economy but led to soaring inflation, peaking at 70% in 1995. Despite these challenges, Nigeria's inflation rate decreased to 14.45% in November 2025, indicating potential economic stabilization. This shift could enhance living conditions and attract foreign investment, crucial for Nigeria's long-term growth amid ongoing economic adjustments.

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Story summary

Nigeria's headline inflation fell to 14.45% in November 2025 from 16.05% in October, marking the eighth straight monthly decline.
Year-on-year inflation dropped 20.15 percentage points from 34.60% in November 2024, with food inflation at 11.08%.
Urban inflation stood at 13.61% and rural inflation at 15.15%.
Month-on-month inflation rose 1.22%, indicating ongoing price pressures.
Core inflation stood at 18.04%, down from 28.75% a year earlier.

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