Nigeria, CPI and inflation rate

Nigeria’s inflation rate drops to 24.48% in January 2025 amid CPI rebasing
Nigeria’s headline inflation rate dropped to 24.48% year-on-year in January 2025, following the rebasing of the Consumer Price Index (CPI),
Nigeria’s inflation drop reflects reality of consumption patterns — Cardoso
The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso said Nigeria’s current Consumer Price Index is reflective of the reality of consumption patterns. Cardoso made this known on Thursday during a press briefing at the end of the 299th Monetary Policy Meeting in Abuja.
Nigeria’s inflation rate falls from 34.8% to 24.48% after rebasing CPI
NBS also said that the food inflation rate fell to 26.08 per cent in January 2025 from 39.84 per cent in December 2024.
Nigeria's inflation rate drops after statistics overhauled and updated
Nigeria's annual inflation rate stood at 24.48% in January, the statistics agency said on Tuesday, well down from the previous month's figure after the country's price index was rebased for the first time in more than a decade.
UPDATED: NBS says Nigeria’s inflation figure dropped to 24.48% after rebasing
The NBS said the food index for January 2025 was 110.03, resulting in a food inflation rate of 26.08 per cent year-on-year.
Inflation Rate Drops Significantly After CPI Rebasing
Nigeria's inflation falls to 24.48% in January 2025 after a CPI rebasing, offering a new perspective on economic realities.
UPDATED: Nigeria’s inflation dropped to 24.48% after rebasing — NBS
Nigeria’s headline inflation dropped to 24.48 per cent in January 2025 following the rebasing of the Consumer Price Index, according to the National Bureau of Statistics. This represents a decline from the 34.80 per cent recorded in December 2024.
Nigeria keeps benchmark interest rate steady as inflation seen falling gradually
Nigeria's central bank left its benchmark interest rate unchanged on Thursday after six hikes last year, saying that it was reassured by stability in the foreign exchange market and saw inflation gradually falling.
Nigeria holds interest rate steady following inflation adjustments
Nigeria's central bank has kept its benchmark interest rate steady at 27.50%, according to Governor Olayemi Cardoso. ・Nigeria's central bank maintains benchmark interest rate at 27.50%. ・Inflation rate reported at 24.
CBN retains Nigeria’s interest rate at 27.50% amid inflation drops
The Central Bank of Nigeria Monetary Policy Committee has retained the country’s interest rate at 27.50 percent in January, the same rate as in November last year amid inflation drops. It also retained the Cash Reserve Ratio,
Nigeria's central bank keeps main interest rate unchanged
Nigeria's central bank held its benchmark lending rate at 27.50%, its governor Olayemi Cardoso said on Thursday. The decision follows six rate hikes last year totalling 875 basis points to try to get inflation under control.
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Key Additions To Rebased Consumer Price Index
Nigeria's recent rebasing of the Consumer Price Index (CPI) introduced several new items and special indices aimed at providing a more accurate reflection of ...
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Uproar as Nigeria's Food Inflation crashes to 26% in NBS' rebased CPI report
The National Bureau of Statistics (NBS) have released shocking figures showing that inflation is down, in the newly rebased ...
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Analysts: Nigeria MPC to remain cautious following CPI rebasing
The Central Bank of Nigeria is likely to leave monetary policy rate at 27.5 per cent and at most cut rates by 25 basis points ...
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TUGAR, EFCC, Others Assess Nigeria’s Corruption Perception Index
Despite Nigeria's low ranking on the Corruption Perceptions Index (CPI) by Transparency International, anti-corruption ...
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CPI rebasing could spark debt to equities shift —Experts
Experts have said that the rebasing of Nigeria’s Consumer Price Index could lead to a shift from debt instruments to equities.They noted that the adjustment, which reflects a new methodology for ...