Nigeria Inflation Drops to 15.15 Percent in December 2025
Last update: January 15, 2026
Disclaimer: This website may contain affiliate links, which means we may earn a commission if you click on the link and make a purchase. We only recommend products or services that we personally use and believe will add value to our readers. Your support is appreciated!
Consumer prices rise slower amid methodology review and falling food costs.
Nigeria’s headline inflation rate slowed to 15.15 percent in December 2025, according to the National Bureau of Statistics, marking a sharp decline from 17.33 percent in November and 34.80 percent a year earlier.
The moderation follows a methodological review and CPI rebasing that now uses a twelve-month reference period.
The Consumer Price Index rose slightly to 131.2 points in December from 130.5 in November, showing slower monthly price growth. Month-on-month inflation eased to 0.54 percent from 1.22 percent in November.
Food and non-alcoholic beverages remained the largest contributors to inflation, but food prices fell to 10.84 percent year on year, down from 39.84 percent in December 2024, helped by lower prices for items such as tomatoes, garri, eggs, potatoes, and vegetables. Core inflation, excluding farm produce and energy, also eased to 18.63 percent from 29.28 percent a year earlier.
CBI News reports that urban inflation dropped to 14.85 percent, while rural inflation fell to 14.56 percent year on year. Despite the easing, the twelve-month average inflation remained elevated at 23.01 percent, reflecting the cumulative effect of price increases over the year.
The NBS said the revised methodology aligns with international best practice and avoids artificial spikes from single-month base effects, providing a more accurate reflection of underlying price movements.
