Nigeria's 2025 Inflation Rates Revised Upward After CPI Rebasement

The National Bureau of Statistics in Nigeria has revised the country's inflation trajectory for 2025 upwards after a fresh rebasing of the Consumer Price Index (CPI). The revision, based on a new methodology, shows higher inflation rates for every month from January to November 2025.

The CPI was rebased using a 12-month average reference period in 2024, resulting in a consistent upward adjustment in inflation figures throughout the year. This move aims to align Nigeria's CPI framework with international best practices and improve stability.

The inflation rates have gradually increased each month, with the largest gap seen earlier in the year narrowing towards November.