Nigeria’s inflation rate reversed course in December, climbing to 15.15% after a drop to 14.45% in November, according to new official data.
The National Bureau of Statistics reported the 0.7% month-on-month increase in its latest Consumer Price Index release. However, the report delivered a significant piece of positive news: the relentless surge in food prices showed signs of easing.
Food inflation actually fell to 10.84% in December, down from 11.08% the previous month. This decline is even more pronounced on an annual basis, dropping sharply from 39.84% in December 2024.
The NBS clarified the mixed picture, stating, “The December 2025 year-on-year headline inflation rate stood at 15.15 percent… [which] was 19.65 percent lower than the rate recorded in December 2024.” This indicates that while prices are rising month-to-month, the pace of annual inflation is significantly slower than it was a year ago.
This latest data arrives despite recent analyst projections that had forecast a more substantial spike in inflation for the closing month of the year.