Nigeria’s inflation rate slowed to 15.15% in December 2025, marking a year of declining price pressures and early signs of economic stabilisation. According to the National Bureau of Statistics (NBS), this moderation in inflation is partly attributed to a revised Consumer Price Index (CPI) methodology, aimed at better reflecting current economic conditions.
The NBS reported that the CPI rose to 131.2 in December, up from 130.5 in November, indicating a slower pace of price increases across the economy. On a month-on-month basis, inflation eased to 0.54%, down from 1.22% in November, signalling a reduction in the general price level. The year-on-year inflation rate dropped from 17.33% in November and was significantly lower than the 34.80% recorded in December 2024, based on the revised base year of November 2009.
The NBS explained that the recent changes to its CPI methodology were technical and aimed at improving accuracy, and should not be seen as a reflection of worsening economic conditions. The adjustments are intended to provide a more accurate picture of the country’s economic situation. The bureau’s data suggests that the economy is showing signs of stabilisation, with key sectors experiencing slowing price pressures.
The decline in inflation is a positive development for Nigeria’s economy, which has been experiencing high inflation rates in recent years. The country’s economic growth has been impacted by various factors, including fluctuations in global oil prices and domestic economic challenges. The NBS’s revised CPI methodology is expected to provide more accurate data, which will inform policy decisions and help the government to develop effective strategies to manage inflation and promote economic growth.
The slowdown in inflation is a welcome trend, and the government will likely continue to monitor the situation closely. The NBS’s data will be closely watched in the coming months to see if the trend continues. As Nigeria’s economy continues to evolve, accurate and reliable data will be essential for policymakers to make informed decisions and drive economic growth. With the revised CPI methodology in place, the country is better positioned to track its economic progress and make adjustments as needed to achieve stability and growth.
