Nigeria, Nov. 17 -- Nigeria's inflation rate eased for the seventh consecutive month to 16.05 per cent in October from 18.02 per cent a month earlier.

"The October 2025 headline inflation rate showed a decrease of 1.96 per cent compared to the September 2025 headline inflation rate," the National Bureau of Statistics (NBS) stated in the official data issued on Monday.

Inflation indicators compare prices of goods and services over 12 months. A decline does not necessarily imply a reduction in prices; instead, it shows the rate of price increase had fallen compared to previous months.

On a year-on-year basis, the bureau said, the headline inflation rate was 17.82 per cent lower than the rate recorded in October 2024 (33.88 per cent).

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