Nigeria’s inflation rate decreased to 23.2% in February 2025, down from 24.1% in January. Bloomberg reported a revision of the consumer price index to the year 2024 to better reflect current inflation pressures. Official confirmation from the National Bureau of Statistics is yet to be provided.
In February 2025, Nigeria’s inflation rate experienced a decline, falling to 23.2%. This signifies a decrease from the previous rate of 24.1% recorded in January 2025, as reported by Bloomberg. The agency has recently revised the consumer price index for the first time in 16 years, changing the reference year to 2024. This alteration aims to better capture the inflationary pressures currently affecting households in Nigeria. It is important to note that this information had not yet been confirmed on the National Bureau of Statistics or its official channels at the time of this report, but was reported by Bloomberg. Further information is expected to be released soon.
Nigeria’s inflation rate has seen a reduction to 23.2% in February 2025, a marginal improvement compared to January’s 24.1%. The revision of the consumer price index aims to enhance the reflection of current economic conditions for households. However, confirmation from official channels remains pending, and more details will be provided in due course.
Original Source: nairametrics.com
