The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate eased to 23.18 per cent in February 2025.

The drop, according to NBS, was due to the drop in the prices of some food items, including beans, maize, cassava, among others.

In its Consumer Price Index (CPI) and Inflation Report for February 2025, which was released yesterday, the NBS says the headline inflation showed a decrease of 1.30 per cent compared to the 24.48 per cent recorded in January 2025.

Furthermore, the NBS said the significant decline in the food inflation figure to 23.51 per cent on a year-on-year basis, which was 14.41 per cent lower, was technically due to the change in the base year, which is 2024.

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