The National Bureau of Statistics (NBS) recently adjusted how inflation is measured by rebasing the Consumer Price Index (CPI) to better reflect current spending habits. As a result, Nigeria’s official inflation figures saw a sharp deceleration, with headline inflation falling from 34.80% in December 2024 to 24.48% in January 2025, while food inflation declined from 39.84% to 26.08%. Core inflation also dropped from 28.40% in December 2024 to 22.59% in January 2025. While this adjustment offers a clearer picture of the economy, it doesn’t me
The National Bureau of Statistics (NBS) recently adjusted how inflation is measured by rebasing the Consumer Price Index (CPI) to better reflect current spending habits. As a result, Nigeria’s official inflation figures saw a sharp deceleration, with headline inflation falling from 34.80% in December 2024 to 24.48% in January 2025, while food inflation declined from 39.84% to 26.08%. Core inflation also dropped from 28.40% in December 2024 to 22.59% in January 2025. While this adjustment offers a clearer picture of the economy, it doesn’t me