Business News
Nigeria’s inflation hits 15.15%, first hike in eight months
Nigeria’s inflation rate rose to 15.15 percent in December 2025, up from 14.45 percent in November, according to the latest Consumer Price Index and inflation report released by the National Bureau of Statistics on Thursday.
The report showed that prices in the country increased by 0.7 percent compared to the previous month.
However, food prices recorded a drop, with food inflation falling by 1.49 percent to 10.84 percent in December, down from 11.08 percent in November.
This rise in overall inflation shows that while food costs eased slightly, other items in the economy contributed to higher prices for Nigerians.
Accordingly, on a year-on-year basis, food inflation eased from 39.84 percent in December 2024.
“The Consumer Price Index (CPI) rose to 131.2 in December 2025, up by 0.7 points from the previous month (130.5).
“The December 2025 year-on-year headline inflation rate stood at 15.15 percent relative to the November 2025 headline inflation rate (17.33 percent).
“On a year-on-year basis, the December headline inflation rate was 19.65 percent lower than the rate recorded in December 2024 (34.80 percent).
“This shows that the headline inflation rate (year-on-year basis) decreased in December 2025 compared to the same month in the preceding year (i.e., December 2024), though with a different base year, November 2009 = 100,” the NBS report stated.
This comes amid reports that have projected a spike in Nigeria’s inflation in December.
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