Nigeria’s inflation rate fell to 23.2% in February 2025 from 24.1% in January, as reported by Bloomberg. This update comes with a revision of the consumer price index to reflect current economic conditions. Confirmation from the National Bureau of Statistics is still awaited.
In February 2025, Nigeria’s inflation rate experienced a slight decline, reaching 23.2%, down from 24.1% in January 2025. This data was reported by Bloomberg, indicating a marginal improvement in the nation’s economic conditions. Furthermore, Bloomberg noted that it recently updated the consumer price index for the first time in 16 years, changing the reference year to 2024. This revision aims to provide a more accurate reflection of inflationary pressures affecting households throughout Nigeria. As of now, the National Bureau of Statistics (NBS) has not confirmed this information via its official website or other channels, although Bloomberg’s reporting serves as a current reference.
In summary, Nigeria’s inflation rate has decreased to 23.2% as of February 2025, following a previous rate of 24.1% the month before. The update to the consumer price index by Bloomberg attempts to address the inflation measures affecting households. However, official confirmation from the NBS is still pending, leaving the situation open for further updates.
Original Source: nairametrics.com
