### Nigeria's Inflation Rate Declines to 14.45% Amidst Ongoing Food Price Pressures In November 2025, Nigeria's headline inflation rate decreased to **14.45%**, marking the **eighth consecutive month** of decline from **16.05%** in October. This reduction is attributed to a slowdown in food inflation and moderated underlying economic pressures, as reported by the National Bureau of Statistics (NBS) in their latest Consumer Price Index (CPI) report. Despite this easing, food prices remain a significant concern, indicating ongoing challenges in the agricultural sector and consumer spending power. The CPI rose to **130.5 points** in November from **128.9 points** in October, reflecting persistent price pressures across essential goods and services [https://dailypost.ng/2025/12/15/nigerias-inflation-eases-to-14-45-despite-rising-food-prices][https://www.marketscreener.com/news/nigeria-s-inflation-rate-eases-further-in-november-ce7d50d9db8af320]. ### Breakdown of Inflation Trends and Influencing Factors 1. **Monthly Decline**: The inflation rate fell by **1.6 percentage points** from October to November, continuing a trend of decreasing inflation rates throughout 2025. 2. **Food Inflation**: Although the overall inflation rate has decreased, food prices have not shown a corresponding decline, indicating that food inflation remains a critical issue for consumers. 3. **Consumer Price Index (CPI)**: The CPI's increase to **130.5 points** suggests that while inflation is easing, the cost of living continues to rise, affecting household budgets and spending habits. 4. **Economic Context**: The decline in inflation is seen as a positive development in the context of Nigeria's prolonged cost-of-living crisis, which has been exacerbated by previous high inflation rates [https://www.legit.ng/business-economy/economy/1688153-nigerias-inflation-rate-drops-1445-november-8th-decline-2025][https://www.arise.tv/nigerias-inflation-eases-to-14-45-in-november-as-food-prices-and-core-pressures-moderate]. ### Supporting Data and Evidence - **Inflation Rate**: - November 2025: **14.45%** - October 2025: **16.05%** - **CPI Points**: - November 2025: **130.5** - October 2025: **128.9** - **Monthly Decline**: **1.6 percentage points** decrease in inflation from October to November [https://www.icirnigeria.org/again-nigerias-inflation-eases-to-14-45-in-november-as-food-prices-drop][https://www.tv360nigeria.com/nigerias-headline-inflation-moderates-to-14-45-in-november-2025]. ### Conclusion: A Cautious Optimism Amidst Persistent Challenges The recent decline in Nigeria's inflation rate to **14.45%** is a **tentative sign of economic stabilization**, reflecting a reduction in inflationary pressures for the eighth month in a row. However, the persistent rise in food prices and the overall increase in the Consumer Price Index indicate that challenges remain for consumers and policymakers alike. 1. **Eighth Consecutive Decline**: The inflation rate has consistently decreased, suggesting effective measures may be in place. 2. **Food Prices**: Continued vigilance is necessary as food inflation remains a significant concern. 3. **Economic Outlook**: While the decline is promising, the rising CPI points to ongoing economic pressures that need addressing to ensure sustainable growth and consumer relief [https://businesspost.ng/economy/nigerias-inflation-eases-for-eighth-straight-month-to-14-45-in-november][https://www.newsngr.com.ng/2025/12/nbs-says-nigerias-inflation-eased-to-14-45-in-november].