Nigeria’s Inflation Drops To 23.18% From 24.48%

In comparison to the headline inflation rate of 24.4% in January 2025, Nigeria’s headline inflation rate has decreased to 23.18%.

The Nigerian Bureau of Statistics (NBS) made this known in its February 2025 consumer price index (CPI) release on Monday.

The headline inflation rate, according to NBS, decreased by 1.30% from the headline inflation rate in January 2025.

“Compared to the headline inflation rate of 24.4% in January 2025, the headline inflation rate eased to 23.18% in February 2025.

The headline inflation rate for February 2025 and January 2025 showed a decrease of 1.30% when compared to the headline inflation rate for the same period.

The Headline inflation rate was 8.52% lower than the rate recorded in February 2024 (31.7%) on a year-over-year basis.

This indicates that the headline inflation rate for the year over the year decreased in February 2025 compared to the same month the year before.

Source: Channels TV