Nigeria’s Inflation Rate Drops from 34.8% to 24.48% Following CPI Rebasing
The National Bureau of Statistics (NBS) announced today that Nigeria’s headline inflation rate dropped by 10.32 percentage points to 24.48 percent in January 2025 from 34.8 percent in December 2024, following the rebasing of the Consumer Price Index (CPI). In a statement addressing the CPI report for January, NBS stated that the rate reflects…
