Since the National Bureau of Statistics (NBS) rebased Nigeria’s inflation figure, also known as the Consumer Price Index (CPI), in January 2025, headline inflation has been on a consistent decline, falling from 24.5 per cent to 22.22 per cent by June. The only deviation from this downward trend occurred in March, when inflation briefly surged to 24.23 percent.
Yet, despite th
Despite inflation averaging 23.5 percent in 2025, NBS data reveals that prices of more than 72 percent of essential commodities are still on the rise month-on-month.
Since the National Bureau of Statistics (NBS) rebased Nigeria’s inflation figure, also known as the Consumer Price Index (CPI), in January 2025, headline inflation has been on a consistent decline, falling from 24.5 per cent to 22.22 per cent by June. The only deviation from this downward trend occurred in March, when inflation briefly surged to 24.23 percent.
Yet, despite th