Headline inflation rate moderated to 14.45 per cent in November 2025, from the 16.05 per cent recorded in October 2025.
The drop followed years of surging prices that triggered a cost-of-living crisis in the country.
According to the latest figures released by the National Bureau of Statistics (NBS), this represented a decline of 1.6 percentage points month-on-month.
Consumer inflation peaked near 35% last December before falling after the NBS revised its base year and adjusted the weight of items in its price basket.
The Central Bank of Nigeria (CBN) said last month that it wanted inflation to fall further as it left its main interest rate unchanged.
Inflation slowed for the seventh month in a row in October to 16.05% year on year.
However, the CBN’s Governor Olayemi Cardoso said inflation was still too high, and the MPR was maintained at 27%.
