Nigeria’s headline inflation rises to 15.15% – NBS
NBS adopted a 12-month average CPI base to avoid artificial inflation spikes, revising December 2025 headline inflation to 15.15%, a 19.65% drop from December 2024, officials said.
- On December 2025, the National Bureau of Statistics published its monthly report saying Nigeria's headline inflation dropped, presenting re-referenced series using a 12-month CPI base.
- NBS used a 12-month index reference period to maximise the average CPI for 2024 by equating it to 100, replacing a single-month base to prevent an artificial base-effect spike.
- Year-on-Year changes show the December Headline inflation rate was 19.65% lower than December 2024, while the month-on-month rate in December 2025 was 0.54%, down 0.69% from November 2025.
- The rebasing change affects the raising factor for the 2024 CPI series and alters already released January–November 2025 year-on-year rates, as the report says the average price level increase in December 2025 was lower than in November 2025.
- NBS reported November's figure as 14.45% and said the CPI adjustment raised it to 17.33%, following guidance in the IMF Consumer Price Index Manual Section 9.125 and ECOWAS Harmonised CPI Manual.
18 Articles
18 Articles
Inflation Drops To 15.15% In December - NBS
The National Bureau of Statistics (NBS) has stated that Nigeria’s Headline Inflation dropped to 15.15 percent in December 2025. Daily Trust reports that the figure is higher than 14.45% reported in November but the adjustment in the Consumer Price Index (CPI) increased the figure to 17.33 percent. The NBS in its monthly report said the December 2025 year-on-year Headline inflation rate, including all other sub-indexes were obtained through maxim…
Yobe, Ogun Lead in Soaring Food Inflation Despite National Decline - Economi Confidential
Yobe and Ogun states have recorded the highest food inflation rates in Nigeria, even as the country’s overall inflation eased to 15.15%, according to the latest data from the National Bureau of Statistics (NBS). The post Yobe, Ogun Lead in Soaring Food Inflation Despite National Decline appeared first on Economi Confidential.
How Nigeria Made Its Ugly Inflation Problem Look Less So With New Math
Nigeria’s official inflation rate has undergone a statistical transformation, a technical process that has drastically changed the headline number millions use to gauge their cost of living. The latest data from the National Bureau of Statistics (NBS) reported that inflation fell sharply to 15.15% in December. This was down from 34.80% a year earlier and seemed to signal a dramatic cooling of prices. But the journey to this number involved more …
Nigeria’s Inflation Rate Falls To 15% In December 2025 – NBS Reports
Nigeria’s headline inflation rate declined to 15.15% in December 2025, according to the latest consumer price index (CPI) report released by the National Bureau of Statistics (NBS). The report, published on Thursday, shows a continued easing of price pressures after a period of elevated inflation. The NBS revealed that the CPI, which tracks the average changes in prices of goods and services, rose slightly to 131.2 points in December 2025, up fr…
IMF Backs Nigeria’s New Inflation Data, Endorses NBS Methodology Review - TV360 Nigeria
Fund says easing December inflation could lower living costs if trend holds The International Monetary Fund (IMF) has thrown its weight behind Nigeria’s December 2025 inflation figures and the revised inflation methodology introduced by the National Bureau of Statistics (NBS), describing the changes as consistent with global standards and supportive of macroeconomic stability. In a statement issued on Thursday on behalf of the IMF Resident Repre…
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium



