The Central Bank of Nigeria released its December 2025 Household Expectations Survey, showing a further improvement in overall consumer sentiment and a more positive assessment of economic and household financial conditions, alongside slightly improved perceptions of price changes. Overall consumer sentiment rose to 4.8 index points from 1.9 in November 2025, marking a second consecutive month of optimism among respondents since May 2024. The Economic Condition index increased to 9.7 from 6.3, while the Family Financial Situation index improved to -5.4 from -10.3 and Family Income Sentiment rose to 10.2 from 8. The survey’s forward-looking outlook indices were 11.3 for January 2026, 16.4 for the next three months, and 20.7 for June 2026. On prices, the price-change sentiment index improved to -1.4 from -2.0, with additional readings of -2.6 for January 2026, -7.9 over the next three months and -13.2 over the next six months. The index for average prices of selected items increased to 25.9 from 24.7, while Food and Other household items were reported at -25.3, and respondents anticipated a slight increase in average prices of selected items over the next six months, with reported expectation indices including an average of 37.4 for the next three months and 43.0 for the next six months.
Central Bank of Nigeria 2026-01-03
Central Bank of Nigeria publishes December 2025 household expectations survey showing stronger consumer sentiment and easing price perceptions
The Central Bank of Nigeria's December 2025 Household Expectations Survey shows improved consumer sentiment and economic conditions, with the sentiment index rising to 4.8 from 1.9 in November. Economic and family financial situation indices also showed positive trends, while perceptions of price changes slightly improved. Forward-looking indices suggest continued optimism for early 2026, despite expectations of slight price increases.