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Nigeria’s headline inflation rises to 15.15% – NBS

NBS rebased the Consumer Price Index, reporting a 15.15% inflation rate in December 2025, down 19.65% from December 2024, reflecting methodological adjustments.

  • The National Bureau of Statistics released figures showing Nigeria's headline inflation at 19.650% and the CPI at 131.2 in December 2025.
  • The NBS said it moved to a 12-month index reference period, equating the average CPI for 2024 to 100 instead of a December 2024 single-month base to avoid a base-effect spike.
  • On a year-on-year basis, the report shows December 2025 headline inflation was 19.65% lower than December 2024, and the month-on-month rate was 0.54%, 0.69% below November 2025.
  • The re-reference changes the raising factor for 2024 CPI series and January–November 2025 year-on-year rates, and NBS published revised Excel tables on the NBS website.
  • The NBS noted the move follows IMF and ECOWAS guidance, framing the change as methodological, with all of 2024 equated to 100 to address base-effect distortion, as per IMF CPI manual Section 9.125 and ECOWAS Manual.
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The Whistler Nigeria broke the news in on Thursday, January 15, 2026.
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