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Nigeria’s inflation hits 15.15% in December – NBS

Nigeria’s headline inflation rate reached 15.15 per cent in December 2025, the National Bureau of Statistics (NBS) has reported.

The Statistician-General, Adeyemi Adeniran, disclosed the figure in the Consumer Price Index (CPI) and Inflation Report released on Thursday in Abuja.

He said the CPI rose to 131.2, representing a 0.7-point increase from November.

On a month-on-month basis, the headline inflation was 0.54 per cent in December, down from 1.22 per cent in November, showing a slower pace of price increases compared to the previous month.

Adeniran highlighted food and non-alcoholic beverages (6.06%), restaurant and accommodation services (1.96%), and transport (1.62%) as the main contributors to the year-on-year inflation.

He noted that sectors like recreation, alcoholic beverages, and insurance had minimal impact.

Food inflation for December was 10.84 per cent year-on-year, while monthly food prices actually fell by 0.36 per cent, largely due to lower costs of items like tomatoes, garri, eggs, potatoes, vegetables, and grains.

Core inflation, which excludes volatile food and energy prices, stood at 0.58 per cent for December, down from 1.28 per cent in November.

Energy prices, however, rose sharply by 2.74 per cent, while farm produce and services registered modest declines.

Urban areas saw a year-on-year inflation of 14.85 per cent, while rural areas recorded 14.56 per cent.

On a monthly basis, urban prices rose slightly by 0.99 per cent, while rural prices fell by 0.55 per cent.

At the state level, Abia had the highest year-on-year inflation at 19.03 per cent, followed by Ogun (18.80%) and Katsina (18.66%).

The lowest rates were in Sokoto (8.61%), Plateau (9.05%), and Kaduna (10.38%).

Regarding food inflation by state, Yobe led at 15.25 per cent, while Akwa Ibom (4.34%), Sokoto (4.62%), and Plateau (6.19%) recorded the slowest rises.

Month-on-month food inflation was highest in Imo (3.19%), Nasarawa (3.16%), and Yobe (1.18%).

Adeniran reminded that CPI calculations reflect consumption patterns that vary by state, meaning direct comparisons between states may be misleading.

He also noted that the NBS recently rebased the CPI, updating the base year from 2009 to 2024, with 2023 as the reference period for expenditure weights.

 

 

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