Nigeria’s inflation dropped to 24.48%

 

The National Bureau of Statistics has disclosed that Nigeria’s headline inflation was 24.48 per cent in January 2025 following the rebasing of the consumer price index.

This was disclosed by the Statistician General, Prince Adeyemi Adeniran, on Tuesday in Abuja at the launch of the rebased CPI report.

The inflation rate for January is a decrease from the 34.80 per cent recorded in December 2024.

He also noted that the food inflation was 26.08 per cent year on year for January 2025.

This is also a decrease from the 39.84 per cent recorded in the previous month.

According to Adeniran, the rebased CPI reflects the current inflationary pressures in the country.

The inflation was mostly driven by food, beverages, clothing, and footwear items.

More details shortly…

Related Posts

Cost of healthy diet per day hit N1,513 in February – NBS

  The National Average Cost of a Healthy Diet (CoHD) per adult a day stood at N1,513 as at February, the National Bureau of Statistics (NBS) has said. The NBS…

CBN Holds Monetary Policy Rate Steady At 26.5%

  The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has voted to retain the Monetary Policy Rate (MPR) at 26.5% following its 305th meeting, which recorded the…

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

NSCDC officer gunned down, daughter abducted in Kogi

  • By admin
  • June 9, 2026
  • 5 views
NSCDC officer gunned down, daughter abducted in Kogi

Nobody can stop me from visiting any part of Nigeria – Gumi

  • By admin
  • June 9, 2026
  • 9 views
Nobody can stop me from visiting any part of Nigeria – Gumi

TikTok removes four million videos, disrupts 86,000 LIVE sessions in Nigeria — Report

  • By admin
  • June 9, 2026
  • 9 views
TikTok removes four million videos, disrupts 86,000 LIVE sessions in Nigeria — Report

EFCC arraigns native doctor, wife over ‘N1bn contract fraud’

  • By admin
  • June 9, 2026
  • 7 views
EFCC arraigns native doctor, wife over ‘N1bn contract fraud’

Army confirms killing of soldier, four hostages in Ogun abduction

  • By admin
  • June 9, 2026
  • 5 views
Army confirms killing of soldier, four hostages in Ogun abduction

Unsafe food kills over 53,000 Nigerians, causes 50 million illnesses annually, says minister

  • By admin
  • June 9, 2026
  • 7 views
Unsafe food kills over 53,000 Nigerians, causes 50 million illnesses annually, says minister