Nigeria’s headline inflation fee eased to fifteen.15 p.c in December 2025 following a methodological evaluation by the Nationwide Bureau of Statistics (NBS).
Information from the most recent shopper worth index (CPI) report confirmed that the CPI rose to 131.2 factors in December from 130.5 factors in November.
On a year-on-year foundation, headline inflation declined to fifteen.15 p.c in December from 17.33 p.c in November and was considerably decrease than the 34.80 p.c recorded in December 2024.
The NBS stated the slowdown mirrored a pointy deceleration in worth pressures over the 12-month interval.
A part of the report learn: “The Client Worth Index (CPI) rose to 131.2 in December 2025, up by 0.7 factors from the earlier month (130.5).
“The December 2025 year-on-year headline inflation fee stood at 15.15% relative to the November 2025 headline inflation fee (17.33%)
“On a year-on-year foundation, the December headline inflation fee was 19.65% decrease than the speed recorded in December 2024 (34.80%).”
The NBS stated headline inflation on a month-on-month foundation moderated to 0.54 p.c in December from 1.22 p.c in November.
It stated the December figures mirrored a methodological adjustment following the rebasing of the CPI.
Based on the bureau, year-on-year inflation and sub-indices are actually calculated utilizing a 12-month index reference interval with the common CPI for 2024 set to 100.
The NBS stated utilizing a single-month reference base would have created a man-made spike in inflation because of base results relatively than precise worth actions.
It stated the adjustment aligns with worldwide finest practices underneath the IMF shopper worth index handbook and the ECOWAS harmonised CPI framework.
The bureau stated the methodological shift additionally led to a revision of November inflation to 17.33 p.c from the beforehand reported 14.45 p.c.
Regardless of the moderation, the NBS stated inflationary stress over the 12 months remained elevated, addin that 12-month common inflation fee stood at 23.01 p.c in December 2025.
Meals and non-alcoholic drinks had been the most important contributors to headline inflation, accounting for six.06 share factors of the year-on-year determine.
The bureau stated eating places and lodging companies contributed 1.96 share factors, transport 1.62 share factors, and housing, water, electrical energy, gasoline and different fuels 1.28 share factors.
Meals inflation eased to 10.84 p.c 12 months on 12 months from 39.84 p.c in December 2024.
On a month-on-month foundation, the NBS stated meals costs declined by 0.36 p.c, reversing the 1.13 p.c enhance recorded in November.
The bureau linked the decline to decrease costs of tomatoes, garri, eggs, grains, greens, beans and contemporary onions, including that the 12-month common meals inflation fee stood at 22.00 p.c.
Core inflation, which excludes farm produce and power, fell to 18.63 p.c 12 months on 12 months from 29.28 p.c a 12 months earlier.
On a month-on-month foundation, core inflation slowed to 0.58 p.c, whereas the 12-month common fee stood at 23.49 p.c.
City inflation declined to 14.85 p.c 12 months on 12 months from 37.29 p.c in December 2024, whereas month-on-month city inflation elevated barely to 0.99 p.c.
Rural inflation fell to 14.56 p.c 12 months on 12 months and declined by 0.55 p.c month on month in contrast with a 1.88 p.c enhance in November.
On the state stage, the bureau stated Abia recorded the best year-on-year inflation at 19.03 p.c, adopted by Ogun at 18.80 p.c and Katsina at 18.66 p.c. It stated Sokoto recorded the bottom year-on-year inflation fee at 8.61 p.c.
The NBS cautioned in opposition to direct interstate comparisons, noting that variations in consumption patterns and CPI weights may make such comparisons deceptive.