In a welcome development for consumers in Nigeria, food inflation has significantly decreased year-over-year to 13.12% as of October 2025. This marks a notable drop from the previous month's rate of 16.87%, indicating a gradual easing of pricing pressures that have plagued the nation.
The latest data reveal a promising trend for the Nigerian economy, as the consumer price index for food—a crucial component impacting the overall cost of living—adjusts downward. The year-over-year comparison highlights a positive turnaround, offering hope for households burdened by past surges in the cost of staple goods.
Updated on November 17, 2025, these figures suggest that economic policies and potential market stabilizations are beginning to effectuate a more manageable cost framework for food products, aligning more closely with consumer incomes and welfare. This marks a critical step for Nigeria, aiming to uphold its economic resilience and mitigate the impact of fluctuating global food markets.
