The National Bureau of Statistics (NBS) has said it will publish two separate inflation figures for December.
According to a Bloomberg report, the development followed changes to its consumer price index (CPI) methodology, which caused the headline rate to more than double.
Nigeria’s inflation data are closely monitored by the Central Bank of Nigeria (CBN) as it transitions toward an inflation-targeting monetary policy framework.
The CBN has already factored in the CPI rebasing and related computational issues in its three-year inflation forecast.
The apex bank is targeting a slowdown in inflation to around 13% by next year, despite current price pressures and statistical adjustments.