Hi Dear, thanks for visiting! Like our
FB Page or Follow Us
Twitter for Regular News Updates!
This is according to the National Bureau of Statistics, NBS, October Consumer Price Index and inflation data released on Monday.
Nigeria’s inflation rate has declined for the seventh straight month, falling to 16.05 percent in October 2025 from 18.02 percent recorded in September.
This is according to the National Bureau of Statistics, NBS, October Consumer Price Index and inflation data released on Monday.
According to the CPI data, the country’s inflation rate declined by 0.93 percent, month-on-month.
The report showed that the food inflation decline rate was -0.37 percent on a month-on-month basis.
“In October 2025, the headline inflation rate eased to 16.05 percent relative to the September 2025 headline inflation rate of 18.02 percent. The headline inflation rate was 0.93 percent MoM.
“The food inflation rate was -0.37 percent MoM,” NBS wrote on X on Monday.
Recall that analysts had predicted a further moderation in the country’s inflation rate in October.
SHARE THIS NEWS
Send us a news tip, Advert/ Promotion enquiries, General enquiries, Complain about a story, Submit an opinion, Submit a photo, audio or video etc. Send mail to bobojaytv @gmail.com
Post a Comment
Let know your opinion on this story