Nigeria’s Inflation in Steady Decline, Drops to 14.45%

Nigeria’s headline inflation rate has declined to 14.45 per cent, down from 16.05 per cent recorded in November, signalling a notable easing in price pressures across the country.

The latest figure reflects a slowdown in the pace at which the general price level of goods and services is rising, offering a measure of relief to households and businesses that have grappled with persistent cost-of-living challenges in recent months.

Economic analysts attribute the decline to a combination of factors, including relative stability in food prices, improved supply conditions in some sectors, and the impact of monetary tightening measures aimed at curbing inflation.

The moderation suggests that earlier policy interventions by fiscal and monetary authorities may be beginning to yield results.

Despite the drop, experts caution that inflation remains elevated and continues to weigh on consumer purchasing power, particularly for low and middle income earners.

Essential items such as food, transportation, and energy still account for a significant share of household spending.

The Federal Government and the Central Bank of Nigeria are expected to closely monitor the trend in the coming months, as sustained reductions in inflation are critical to economic recovery, investment confidence, and overall macroeconomic stability.