IMF Backs Nigeria's CPI Rebasing as Inflation Eases to 15.15%

The International Monetary Fund (IMF) has supported Nigeria's Consumer Price Index (CPI) rebasing following a decrease in inflation to 15.15% in December 2025. The revised methodology adopted by the National Bureau of Statistics (NBS) aligns with international best practices, enhancing macroeconomic stability.

The IMF's endorsement signifies a positive outlook for Nigeria's economy, with inflationary pressures easing. The new CPI calculation approach replaces the previous year-on-year method with a twelve-month reference period, improving data quality and accuracy.

This move is crucial for avoiding statistical distortions and reflecting real price pressures accurately.