Nigeria’s headline inflation rate climbed to 15.15 per cent in December 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The figure represents a year-on-year increase in the general price level of goods and services across the country and marks a rise from the 14.45 per cent recorded in November 2025.
Despite the monthly increase, the NBS noted a significant improvement when compared with the same period last year. Using a revised base year of November 2009 = 100, the statistics agency said the December 2025 inflation rate was 19.65 percentage points lower than the 34.80 per cent recorded in December 2024, indicating a broad easing of inflationary pressure over the past year.
On a month-on-month basis, headline inflation slowed to 0.54 per cent in December, down from 1.22 per cent in November. This decline suggests a reduced pace in price increases during the month, offering some relief to households and businesses grappling with high living costs.
Food inflation, a major driver of Nigeria’s inflation basket, recorded a sharp moderation. The NBS reported that food inflation fell to 10.84 per cent year-on-year, compared to 39.84 per cent in December 2024. On a monthly basis, food inflation dropped to -0.36 per cent, driven largely by lower prices of staple items such as tomatoes, garri, eggs, beans, plantain, vegetables, onions, and grains.
The report also highlighted differences between urban and rural inflation trends. Urban inflation stood at 14.85 per cent year-on-year, while rural inflation was recorded at 14.56 per cent. Overall, the data suggest that although headline inflation edged higher in December, price pressures eased on a monthly basis, particularly in food prices and rural areas, signalling a cautious improvement in Nigeria’s inflation outlook.
source: Leadership