Nigeria continues to buck the global trend of rising prices, with consumer prices ticking lower for the seventh month running, government figures showed on Monday.

Nigeria’s inflation rate fell to 15.99 percent in October compared with the same period last year, and was 0.64 percent lower than September’s annualized reading, the country’s National Statistics office said.

The drop in the headline rate was driven by easing annual food inflation, with prices falling from 19.5 percent in September to 18.3 percent in October.

Inflation has now exceeded the central bank’s targeted rate of 6 percent – 9 percent for years.