BREAKING: Nigeria’s Inflation Drops to 16.05% in October, Food Prices Record Rare Decline

Nigeria’s Inflation dropped to 16.05% in October and food prices recorded rare decline.

 

NewsOnline Nigeria reports that Nigeria’s inflation rate recorded a major relief in October 2025, as headline inflation dropped to 16.05%, down from 18.02% in September, signalling a steady slowdown in the country’s price pressures.

 

The latest inflation data indicates that after months of persistent increases, the economy is beginning to experience a mild cooling of price hikes. The month-on-month (MoM) inflation rate also eased to 0.93%, reflecting a slower pace of price growth compared to previous months.

 

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A major highlight of the report is the improvement in food prices. Food inflation posted a MoM decline of –0.37%, offering rare relief to millions of households struggling with high food costs. Analysts attribute this drop to improved availability of essential food items and easing transportation and logistics challenges.

 

Economists note that although year-on-year inflation remains elevated, October’s decline could signal the beginning of a sustained downward trend—if government policies and supply-side interventions continue to take effect.

 

More details shortly.