ABUJA, Nigeria — Fantastic news for Nigeria’s economy as 2025 draws to a close! The National Bureau of Statistics (NBS) has just released figures showing that annual inflation has dramatically dropped to a 5-year low of 14.45% in November/December 2025!
This is a significant victory for consumers and businesses alike, signaling a period of much-needed stability and relief after months of economic pressure.
Eight Months of Progress: Slowing Price Growth!
This latest figure marks the eighth consecutive month of slowing price growth, a remarkable turnaround from the inflation peaks of over 34% experienced earlier in the year. It shows that consistent efforts to stabilize the economy are yielding tangible results.
Harvest & Naira Boost Food Prices!
One of the most impactful changes is in food inflation, which fell sharply to 11.08%! This impressive drop is attributed to two key factors:
- Bumper Harvest: A very strong 2025 harvest season has significantly increased food supply.
- Stable Naira: A more stable exchange rate for the Naira has reduced the cost of imported goods and inputs for local production.
This positive trend means that the purchasing power of Nigerians is set to improve, and the cost of living could become more manageable heading into the new year. It’s a reason to be cautiously optimistic about Nigeria’s economic outlook!
