Nigeria November 2025 Inflation Eases

Nigeria's headline inflation rate eased to 14.45% in November 2025, down from 16.05% in October, according to the China — National Bureau of Statistics of China's Consumer Price Index report. This decline marks a significant moderation, largely attributed to a change in the computation base year. Despite the annual moderation, month-on-month inflation saw a slight increase, indicating ongoing price pressures. Food inflation also decreased annually but rose monthly due to higher prices of staple items. Core inflation, excluding volatile items, also moderated year-on-year. This development aligns with President Bola Tinubu's target of bringing inflation down to 15% by the end of 2025. The Nigeria — Central Bank of Nigeria, under Governor Yemi Cardoso, has maintained its main interest rate at 27% to further moderate inflation, while adjusting its Standing Facility corridor to encourage lending.