The National Bureau of Statistics (NBS) announced on Friday that Nigeria’s inflation rate continued its downward trajectory in July 2025, falling to 21.88 per cent. The statistics agency attributed the slowdown to the recent rebasing of the Consumer Price Index (CPI). The July 2025 inflation figure marks the fifth consecutive month of decline this year,…
The report by the Nigeria Bureau of Statistics, NBS says that there was a considerable reduction in the food inflation in Nigeria last month compared with what was recorded same time last year. According to the report released earlier in the week, the food inflation rate in June 2025 was 21.97 percent on a year-on-year…
The National Bureau of Statistics (NBS) said that Nigeria’s headline inflation rate edged up to 24.23 percent in March 2025. The NBS announced the increase in its consumer price index (CPI) for March on Tuesday. The new rate indicates an upward movement from the 23.18 percent reported in February. It also signals a return to…
One major thing that has dominated public discourse in Nigeria in the past nine months is the rise in food prices, even as the purchasing power of the citizenry continues to slide. So, when the National Bureau of Statistics, NBS released its findings for the last quarter, not many people were surprised about the rise…
