WATCH THE VIDEO HERE In its report titled Consumer Price Index (CPI) February 2025, the NBS indicated that this represents a reduction of 1.30 per cent compared to the inflation rate recorded in January 2025. The NBS stated that in February 2025, the Headline inflation rate decreased to 23.18% compared to the January 2025 rate of 24.48%. The February 2025 Headline inflation rate reflects a decline of 1.30% from the January 2025 figure. Additionally, the report highlighted that, on a year-on-year basis, the Headline inflation rate was 8.52% lower than the rate observed in February 2024, which was 31.70%. It further emphasized that this indicates a decrease in the Headline inflation rate on a year-on-year basis for February 2025 when compared to the same month in the previous year (February 2024), albeit using a different base year, with November 2009 set at 100. Moreover, the NBS reported that the month-on-month Headline inflation rate for February 2025 was recorded at 2.04%.
The National Bureau of Statistics (NBS) announced on Monday that the headline inflation rate declined from 24.48 per cent in January 2025 to 23.18 per cent in February 2025.
BREAKING: Nigeria’s Headline Inflation Rate Drops To 23.18 Per Cent
