Nigeria Tasa De Inflación

Nigeria’s annual inflation rate reached 14.45% in November 2025, the mildest since October 2020, marking the eighth straight month of slowing price growth. Food inflation, the largest component of the inflation basket, continued to decline, hitting 11.08%, down from October's 13.12%, helped by the ongoing strong harvest. Prices also slowed down for other CPI items, including alcoholic beverages & tobacco (14.9% vs 16.1%); clothing & footwear (13.3% vs 15.4%); housing & utilities (17.5% vs 19.1%) and furnishings & household equipment (21.3% vs 23.1%), but accelerated for health (29.7% vs 28.6%) and transportation (16.8% vs 16.5%). The core inflation rate, which strips out the volatile prices of agricultural produce and energy, slowed for the fifth month to 18% in November, the lowest since February 2023, down from October's 18.7%. On a monthly basis, the CPI rose by 1.22% in November, the most in four months, after a 0.93% increase previously.