EconomyNewsNigeriaNigeria’s Inflation Falls to 24.48% Following CPI Recalculation
Nigeria’s annual inflation rate declined to 24.48 per cent in January 2025 from 34.80 per cent in December 2024, following the adjustment of the Consumer Price Index (CPI), the National Bureau of Statistics (NBS) has reported. The NBS explained that the rebasing exercise, which updated the reference basket of goods and services, was necessary to ensure that inflation measurement reflects current economic realities and consumer spending patterns. This marks the first CPI rebasing in Nigeria...










