Nigeria’s headline inflation rate rose to 15.15 percent in December 2025, up from 14.45 percent in November, according to the latest Consumer Price Index (CPI) and inflation report released by the National Bureau of Statistics (NBS) on Thursday.
The report showed that inflation increased by 0.7 percent on a month-on-month basis, reflecting continued price pressures across the economy.
Data from the NBS indicated that the Consumer Price Index rose to 131.2 points in December, representing a 0.7-point increase from 130.5 recorded in November.
Despite the rise in headline inflation, food inflation declined during the period. Food inflation eased to 10.84 percent in December, down from 11.08 percent in November, marking a 1.49 percent drop month-on-month.
On a year-on-year basis, the NBS said headline inflation showed a significant improvement when compared with the previous year. The December 2025 inflation rate of 15.15 percent was 19.65 percentage points lower than the 34.80 percent recorded in December 2024.
“The December 2025 year-on-year headline inflation rate stood at 15.15 percent relative to the November 2025 headline inflation rate of 17.33 percent,” the report stated.
According to the NBS, the decline on a year-on-year comparison reflects the impact of a different base year, as the current CPI series is measured against November 2009 = 100.
The latest figures come amid earlier projections that Nigeria’s inflation could spike in December, highlighting ongoing uncertainty around price stability despite recent improvements in annual inflation trends.
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