Nigeria’s Inflation Drops to 23.18% in February 2025
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 […]
Nigeria’s inflation rate drops to 32.15% in August
Nigeria’s inflation rate dropped from 33.40% in July to 32.15% in August. This is the second month of consecutive inflation decline this year. In its Consumer Price Index report released yesterday, the National Bureau of Statistics said the headline inflation rate eased to 32.15% in August 2024, while food inflation stood at 37.52% in the […]
Nigeria’s inflation drops by 0.79% points
Nigeria’s inflation rate declined by 0.79 percentage points to 33.40% last month, from 34.19% in June 2024. This is the first decline in the headline inflation rate since December 2022, when it last dropped to 21.34%. In its latest Consumer Price Index report released today, the National Bureau of Statistics said on a year-on-year basis, […]
