Nigeria will publish its October inflation figures on Monday, 17 November 2025, amid a continued slowdown in price growth.
The country’s inflation rate fell for the sixth straight month in September, easing to 18.02 per cent from 20.12 per cent in August. Food inflation also dropped to 16.9 per cent, driven by lower food prices linked to increased imports and the harvest season.
Analysts expect the downward trend to continue. Cowry Asset Management projects headline inflation will decline further to around 17.83 per cent in October, supported by a stable naira, improved foreign exchange liquidity and sustained food supply from ongoing harvests.
The moderation in inflation has already influenced monetary policy. During its 302nd Monetary Policy Committee meeting, the Central Bank of Nigeria cut interest rates to 27 per cent, citing the steady decline in price pressures.
The October report is anticipated to offer further insight into the effectiveness of recent economic measures and the stability of key market indicators.
