Nigeria, CPI and inflation rate

Nigeria’s inflation drops massively to 24.48% after CPI rebase
Nigeria’s inflation rate dropped massively to 24.48 percent in January 2024 from 34.80 percent in December last year after the rebased Consumer Price Index. The Statistician General, Prince Adeyemi Adeniran,
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 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 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.
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.
Nigeria's Inflation Rate Drops After Statistics Overhauled and Updated
The bank raised interest rates by 875 basis points last year, as inflation was driven up by President Bola Tinubu's moves to end subsidies and devalue the naira currency. Tinubu's administration hopes those reforms will shore up public finances and boost economic growth.
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.
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 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.
Legit on MSN3d
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 ...
AllAfrica.com on MSN19h
Nigeria: Monetary Policy and Making Sense of NBS' Rebased Cpi Numbers
Editorial - A more useful device ... would have the NBS publish what the headline inflation rate would have been last month under the old and new series.
LEADERSHIP Newspaper2d
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 ...
TheCable2d
Nigeria’s CPI rebasing: Validating the predictions and exposing the real inflation story
The newly released inflation figures from the National Bureau of Statistics (NBS) confirm precisely this. The headline inflation rate for January 2025 is reported at 24.48%, food inflation at 26.08%, ...
CNBC Africa1d
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 ...
LEADERSHIP Newspaper13h
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 ...
The Punch on MSN2d
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 ...