Nigeria’s headline inflation rate decreased to 24.48% year-on-year in January 2025, following the rebasing of the Consumer Price Index by the National Bureau of Statistics.
Channels Television reported that the Statistician-General of the Federation, Adeyemi Adeniran, announced the rebased inflation figures during a press briefing in Abuja on Tuesday.
According to the latest NBS report, urban inflation stood at 26.09%, while rural inflation was recorded at 22.15%. The report highlights a decline in the general price level of goods and services compared to 34.80% in December 2024, which was calculated using the previous methodology.