Nigeria closed 2025 with headline inflation at 15.15% in December, down 19.65 share factors from 34.80% recorded in December 2024, in line with the Nationwide Bureau of Statistics (NBS).
2025 will likely be remembered because the yr inflation numbers stopped being surprising, despite the fact that costs remained elevated. Not like the wild swings that outlined 2024, the place inflation rose to report highs, 2025 was the yr of extra predictability.
That stability got here at a worth. Nigerians tailored by slicing again, repricing their lives and companies, and reducing expectations. Nigeria’s headline inflation stood at 24.48% in January 2025 after the methodology and base yr have been modified. Inflation stood at 34.80% in December 2024.
In response to the NBS, inflation was rebased, “to switch outgoing reference durations (2009). Rebasing aligns the worth and weight reference durations with the present financial surroundings, making certain methodological accuracy, updating the composition of the products and companies basket, revising merchandise weights, and incorporating crucial enhancements.”
Since then, inflation has seen a gradual drop, falling to fifteen.15% in December 2025. “The Client Worth Index (CPI) rose to 131.2 in December 2025, up by 0.7 factors from the earlier month (130.5),” the NBS mentioned. “The December 2025 year-on-year Headline inflation charge stood at 15.15% relative to the November 2025 headline inflation charge (17.33%).”
Past the headline quantity, the inflation determine immediately impacts Nigerian paychecks, which haven’t moved on the similar tempo. For a lot of tech staff and startup staff, transport prices now rival lease, and meals payments have reset month-to-month budgets.
In locations like Lagos, Nigeria’s startup capital, the place inflation of 17.5% is above the nationwide common, startup staff are having to soak up shock quietly by means of aspect gigs, delayed life plans, or decrease dwelling requirements.
Whereas the information could also be signalling a turning level, with meals inflation at 10.84% in December 2025, the fact for a lot of startup staff is a change in dwelling requirements and an on a regular basis life that’s now detached to financial shocks.
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