Nigeria’s year-on-year headline inflation rate declined to 15.15% in December 2025, down from 17.33% in November 2025.
The National Bureau of Statistics’ (NBS) December 2025 CPI Report showed the decline represents a 2.18% point decrease year-on-year.
The report disclosed that the Consumer Price Index (CPI) rose to 131.2 points in December 2025, up by 0.7 points from 130.5 recorded in November 2025.
On a year-on-year basis, the December 2025 headline inflation rate was 19.65% points lower than the rate recorded in December 2024 (34.80%).
This shows a sharp decline compared to the corresponding period of the previous year, although measured with a different base year, November 2009 = 100.
On a month-on-month basis, the headline inflation rate stood at 0.54% in December 2025, which is 0.69% points less than the rate recorded in November 2025 (1.22%).
This shows that the pace of increase in the average price level slowed in December.
Urban Inflation
As indicated by the report, on a year-on-year basis, the urban inflation rate in December 2025 stood at 14.85%, down from 37.29% in December 2024. while on a month-on-month basis, the inflation rate rose to 0.99%, up by 0.03% from November 2025 (0.95%).
The corresponding twelve-month average for the Urban inflation rate was 23.46%.
Rural Inflation
As stated by the report, the Rural inflation rate in December 2025 stood at 14.56% on a year-on-year basis from 32.47% in December 2024. On a month-on-month basis, the rate declined to -0.55%, down by 2.43% compared to November 2025 (1.88%).
In addition, the corresponding twelve-month average for the Rural inflation rate in December 2025 was 21.93%.
Core Inflation
The NBS December 2025 CPI Report explained that the Core inflation, which excludes the prices of volatile agricultural produce and energy, stood at 18.63% in December 2025 on a year-on-year basis from 29.28% in December 2024, while on a month-on-month basis, the Core Inflation rate was 0.58%, down by 0.7% compared to November 2025 (1.28%).
The average twelve-month annual inflation rate stood at 23.49% for the twelve months ending December 2025.
All Items Inflation
The report noted that in December 2025, the All-Items inflation rate on a Year-on-Year basis was highest in Abia (19.03%), Ogun (18.80%), and Katsina (18.66%), while Sokoto (8.61%), Plateau (9.05%), and Kaduna (10.38%) recorded the lowest rise in Headline inflation on a Year-on-Year basis.
On a Month-on-Month basis, however, December 2025 recorded the highest increases in Cross River (3.11%), Abia (2.63%), and Delta (2.53%), while Ondo (3.74%), Gombe (3.02%), and Jigawa (1.96%) recorded a decline in the Month-on-Month inflation.
Food Inflation
The report revealed that in December 2025, Food inflation on a Year-on-Year basis was highest in Yobe (15.25%), Ogun (14.12%), and Abuja (13.24%), while Akwa Ibom (4.34%), Sokoto (4.62%), and Plateau (6.19%) recorded the slowest rise in Food inflation on a Year-on-Year basis.
On a Month-on-Month basis, however, December 2025 Food inflation was highest in Imo (3.19%), Nasarawa (3.16%), and Yobe (1.18%), while Plateau (2.76%), Rivers (2.50%), and Zamfara (1.93%) recorded a decline in Food inflation on a Month-on-Month basis.
