Nigeria’s headline inflation rate has dropped to 24.48% in January 2025, down from 34.80% in December 2024.
The National Bureau of Statistics (NBS) announced this on Tuesday, stating that the Consumer Price Index (CPI) has declined to 24.48% year-on-year in January.
The Statistician-General of the Federation, Adeyemi Adeniran, explained that the rebased CPI reflects the current inflationary pressure and consumption pattern of people living in the country.
According to Adeniran, urban inflation stood at 26.09% while rural inflation was at 22.15%.
The rebased food inflation rate also decreased to 26.08% year-on-year in January.
ALSO READ TOP STORIES FROM NIGERIAN TRIBUNE
A total of 184 students of Confluence University of Science and Technology (CUSTECH), Osara, have…
A Federal High Court sitting in Lagos on Friday convicted and sentenced 14 Chinese nationals…
Vice President Kashim Shettima has called on nations of the world to be decisive about…
Aare Onakakanfo of Yorubaland, Iba Gani Adams, in a statement released on Friday, strongly condemned…
Ekiti State Governor, Biodun Oyebanji, on Friday commended his deputy, Chief Monisade Afuye, for her…
What can I do to stop having diarrhoea after eating? The situation is making me…
This website uses cookies.