₦airaland Forum

Nigeria’s headline inflation has dropped to 24.48 per cent year on year in January 2025.

This is a sharp decline from the 34.80 per cent headline inflation recorded in December 2024.

This is according to the National Bureau of Statistics (NBS). The Statistician-General of the Federation Adeyemi Adeniran announced this on Tuesday.

He said the Consumer Price Index (CPI) – which measures the rate of change in prices of goods and commodities – has declined to 24.48 per cent year on year in January.

Adeniran who was speaking during a briefing in Abuja, explained that urban inflation stood at 26.09 per cent while rural inflation came to 22.15 per cent.


He said that the general prices of goods and services in the country declined, compared to the 34.80 per cent in December, which used the old template.

CPI rebasing means updating the reference year used to gauge price levels in the country by essentially changing the basket of goods and services used to measure inflation, to better reflect current consumer spending patterns and ensure the inflation data accurately reflects the economy’s current.

According to the CPI figures for the period under review, the rebased food inflation stood at 26.08 per cent year-on-year in January, representing a decline in the food index when compared with 39.84 per cent year-on-year recorded in the preceding month.

treesun:
https://www.channelstv.com/2025/02/18/just-in-nigerias-inflation-rate-drops-to-24-48-per-cent/

richmond500:
Na only them know how they are calculating this thing.
Cos I am trying to cut my expenses to 75k a month since last year, I no fit

sucess001:
lunatics.
They can decieve themselves but not us.
Changing well accoted criteria just to look good.

Raypawer:
Honest question
How did they arrive at that rate?
What metrics should we be looking at?
I will need to calculate it myself also...

richiemcgold:
A fact written on paper is not the same as a realistic fact.

aywagze:
I dont agree. Inflation drop is a retracement. The economy is still bad ..🤔

jef131:
In theory

chukwubyk:
Useless government using pages of newspapers to reduce inflation.
I know it will come to this when the mediocre president said he would reduce inflation from 34.6 to 15 percent without saying how he would achieve it.
Now he is reducing it on the pages of newspapers.
How did the statistics come?

Odin13:
Wayo economy
No be Tinubu Yoruba government again?
Don’t believe them.. neither trust anything
APC is evil

mikeapollo:
Useless and misleading news.
Go to the market and see how expensive things are.
They rebased the economy in order to churn out false economic parameters that look better on paper but the people know the stark reality on ground.

nnewsnjobs:
Very sharp decline. But I don't think this is really showing in our day to day business. Things are still very high in the market and cost of living is still very high.

The decline in inflation is not actually being felt by the people. Although there is a little stability right now in forex. Price of petrol needs to come down to #500 per liter so that people can really feel the impact of inflation drop.

richmond500:
Na only them know how they are calculating this thing.
Cos I am trying to cut my expenses to 75k a month since last year, I no fit

chukwubyk:
Useless government using pages of newspapers to reduce inflation.
I know it will come to this when the mediocre president said he would reduce inflation from 34.6 to 15 percent without saying how he would achieve it.
Now he is reducing it on the pages of newspapers.
How did the statistics come?

DeLaRue:
Fantastic

jocelynor:
uncle great are u feeling the effect

treesun:
https://www.channelstv.com/2025/02/18/just-in-nigerias-inflation-rate-drops-to-24-48-per-cent/

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