Nigeria’s inflation rate fell to 23.2% in February 2025 from 24.1% in January 2025, following a major update of the consumer price index. Bloomberg reported the change, but official confirmation from the Nigeria Bureau of Statistics is pending.
In February 2025, Nigeria’s inflation rate decreased to 23.2%, down from 24.1% in January 2025, as reported by Bloomberg. This decline follows an overhaul of the consumer price index, which had not been updated for 16 years. The new reference year set to 2024 aims to present a more accurate picture of inflation pressures experienced by Nigerian households. As of this reporting, these figures had not been officially verified on the Nigeria Bureau of Statistics (NBS) website or through official channels, although Bloomberg has reported them.
The latest inflation data for Nigeria indicates a slight decrease from the previous month, reflecting adjustments in the consumer price index to better represent current economic conditions. The anticipated verification from the Nigeria Bureau of Statistics is awaited to confirm these figures officially.
Original Source: nairametrics.com
