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Economic analysts have warned that increased spending associated with year-end festivities could trigger a temporary rise in inflation in December, despite recent signs of easing price pressures across key sectors of the economy.
According to experts, the festive season typically leads to heightened demand for food items, transportation, clothing and consumer goods, which often pushes prices upward. This seasonal trend, they noted, could interrupt the recent disinflationary momentum recorded in the past few months.
An economist at a Lagos-based financial advisory firm explained that demand-driven inflation is common during the yuletide period, as households increase spending for celebrations and travel. He added that supply constraints, poor logistics and insecurity in food-producing areas could further amplify price increases.
โEven when inflation is slowing, December usually comes with unique pressures. Higher consumer demand, coupled with limited supply, creates room for traders to adjust prices upward,โ the analyst said.
Market surveys have already shown modest price increases in staple foods, including rice, poultry, cooking oil and vegetables, particularly in urban centres. Transport fares have also begun to rise as operators adjust prices to reflect increased passenger movement during the holidays.
However, analysts stressed that the expected inflation spike is likely to be short-lived. They projected that prices may stabilise again in early 2026, once festive demand wanes and normal market activities resume.
Some experts also pointed to recent policy measures by monetary authorities aimed at tightening liquidity and improving foreign exchange stability, noting that these efforts could help limit the extent of any inflationary surge.
They advised consumers to plan spending carefully during the festive period and urged government agencies to intensify market monitoring to curb excessive price hikes and profiteering.
As Nigerians prepare for the holidays, economists say vigilance remains crucial to ensuring that seasonal celebrations do not translate into prolonged inflationary pressure on households.
