The National Bureau of Statistics (NBS) has reported that Nigeria’s headline inflation stood at 24.48% in January 2025, following the rebasing of the Consumer Price Index (CPI).
Statistician General, Prince Adeyemi Adeniran, announced this on Tuesday in Abuja during the launch of the rebased CPI report. The January inflation rate marks a decline from the 34.80% recorded in December 2024.
Additionally, he stated that food inflation for January 2025 was 26.08% year-on-year. This represents a decrease from the 39.84% recorded in the previous month.
According to Adeniran, the rebased CPI provides a more accurate reflection of the country’s current inflationary pressures.
The main drivers of inflation were food, beverages, clothing, and footwear.
