Inflation falls again as Nigeria closes 2025 on softer price growth

Nigeria’s headline inflation rate eased to 15.15 per cent in December 2025, capping a year marked by slowing price pressures and early signs of stabilisation across key sectors of the economy.

Data released by the National Bureau of Statistics on Thursday showed that inflation continued its downward trend, with the Consumer Price Index rising marginally to 131.2 in December from 130.5 in November, indicating a moderation in the pace of price increases nationwide.

On a month-on-month basis, inflation slowed sharply to 0.54 per cent in December, compared with 1.22 per cent recorded in November, suggesting a reduction in the general rise in prices across the economy.

Year-on-year, headline inflation declined to 15.15 per cent from 17.33 per cent in November and was significantly lower than the 34.80 per cent recorded in December 2024, based on the revised base year of November 2009.

The NBS attributed the December outcome partly to a review of its Consumer Price Index methodology, explaining that the changes were technical adjustments designed to better reflect current economic realities and improve the accuracy of inflation measurement.

According to the statistics agency, the revised methodology should not be interpreted as a sign of worsening economic conditions, but rather as part of ongoing efforts to strengthen data quality and ensure inflation figures align more closely with present-day consumption patterns.