December 2024 was filled with a flurry of projections, all pointing towards a decline in inflation in 2025. Afrinvest Research projected 24.7 percent in a base case scenario, while Bismarck Rewane, CEO of Financial Derivatives Company, projected 25-27 percent by year-end.
However, the 24.48 percent figure reported by the National Bureau of Statistics (NBS) was not just the result of random economic shifts—it was driven by the rebasing of Nigeria's Consumer Price Index (CPI) from 2009 to 2024.
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