Nigeria beats inflation target as price pressures ease for eighth straight month

Nigeria’s inflation outlook continues to improve, with the National Bureau of Statistics (NBS) reporting a further decline in headline inflation to 14.45 percent in November 2025, reinforcing growing macroeconomic stability.

The latest Consumer Price Index (CPI) report released on Monday confirms that inflation has now fallen for eight consecutive months, pushing the rate below President Bola Tinubu’s 15 percent benchmark—a key policy milestone.

The November figure represents a notable improvement from 16.05 percent recorded in October 2025, underscoring sustained progress in curbing price pressures amid ongoing fiscal and monetary reforms.

Analysts say the steady disinflation trend reflects tighter policy coordination, improved supply conditions, and renewed investor confidence in Nigeria’s economic direction. If maintained, the momentum could strengthen household purchasing power, support business planning, and create room for growth-focused interventions.

The NBS data positions Nigeria among economies successfully reversing post-crisis inflation spikes, signaling cautious optimism for the months ahead.