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BREAKING: Nigeria’s Inflation Slumps to 16.05%, Seventh Consecutive Drop
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The News Chronicle
Nigeria’s inflation rate fell for the seventh consecutive month, easing to 16.05% in October 2025 from 18.02% in September, the National Bureau of Statistics (NBS) reported on Monday. The 0.93% month-on-month decline underscores a sustained slowdown in price pressures across the economy. Food inflation also dipped, recording -0.37% month-on-month, signalling easing pressures on household budgets. […]