Nigeria’s Inflation Eases to 15.15% in December 2025

Nigeria’s headline inflation rate fell to 15.15 percent in December 2025, representing a 2.18 percentage point decline from the 17.33 percent recorded in November, according to the National Bureau of Statistics (NBS).

The figure was published in the NBS Consumer Price Index (CPI) report for December 2025, which also highlighted a substantial improvement from the 34.8 percent inflation rate recorded in December 2024.

On a month-on-month basis, headline inflation slowed to 0.54 percent in December, down from 1.22 percent in November, a drop of 0.69 percentage points. This indicates a slower pace of increase in the general price level.

The NBS explained that recent adjustments to its CPI methodology accounted for projected movements in December’s data, stressing that the revisions were technical in nature and did not signal worsening economic conditions.

Food inflation, a key driver of overall inflation, also declined sharply. Year-on-year food inflation stood at 10.84 percent in December 2025, compared with 39.84 percent in December 2024. The reduction was attributed mainly to lower prices of items such as tomatoes, garri, eggs, potatoes, carrots, millet, vegetables, plantain, beans, wheat grain, ground pepper, and onions.

Across states, the highest year-on-year food inflation rates were recorded in Yobe (15.25 percent), Ogun (14.12 percent), and Abuja (13.24 percent). In contrast, the slowest increases were seen in Akwa Ibom (4.34 percent), Sokoto (4.62 percent), and Plateau (6.19 percent).

Month-on-month data showed that food inflation rose most sharply in Imo (3.19 percent), Nasarawa (3.16 percent), and Yobe (1.18 percent), while declines were recorded in Plateau (-2.76 percent), Rivers (-2.5 percent), and Zamfara (-1.93 percent).

Overall, the NBS figures point to continued easing of price pressures nationwide, offering some relief to households and a positive signal for policymakers addressing inflation challenges.

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