Nigeria’s inflation rate fell to 23.2% in February 2025 from 24.1% in January. This is attributed to the first revision of the consumer price index in 16 years, changing the reference year to 2024. Bloomberg has reported this figure, but it remains unconfirmed on official channels.
In February 2025, Nigeria’s inflation rate decreased to 23.2%, a modest decline from the January figure of 24.1%, as reported by Bloomberg. This revision marks the first comprehensive update to the consumer price index in 16 years, with the reference year changed to 2024. This adjustment aims to more accurately capture the inflationary challenges confronting Nigerian households.
The decrease in Nigeria’s inflation rate to 23.2% in February 2025 suggests a gradual easing of inflationary pressures. The updated consumer price index will likely provide a more precise representation of current economic conditions, although official confirmation from the National Bureau of Statistics is still pending.
Original Source: nairametrics.com
