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INFLATION RATE
News and analysis about inflation rate
Nigeria’s headline inflation rate eased to 22.22% in June 2025, down from 22.97% recorded in May 2025.
This article features the top 10 most affordable states to live in May 2025 in Nigeria.
This article is a breakdown of the top 10 states with the highest cost of living in May 2025
Nigeria’s headline inflation rate dropped to 22.97% in May 2025, marking the second consecutive month of decline, according to new data released by the National Bureau of Statistics (NBS).
Nigeria’s inflation rate eased to 23.71% in April 2025, down from 24.23% recorded in March.
The Central Bank of Nigeria (CBN) has revealed that a larger proportion of rural dwellers across the country believe that inflationary pressures are beginning to ease, in contrast to perceptions held by urban residents who continue to feel the heat of rising prices.
Experts have mixed expectations regarding February's inflation rate, with some predicting a slight moderation or stability, while others foresee a marginal increase.
Nigeria’s headline inflation rate has dropped to 24.48% year-on-year in January 2025, following the rebasing of the Consumer Price Index (CPI), according to data released by the National Bureau of Statistics (NBS).
Economic analysts and industry experts anticipate that Nigeria’s inflation rate will moderate between 27% and 30% by the end of 2025, mainly due to the planned rebasing of the Consumer Price Index (CPI) and other macroeconomic factors.
Rising inflation, interest rates, and naira depreciation could push 13 million Nigerians more below the national poverty line by 2025.
The headline inflation rate in Nigeria experienced a slight increase, reaching 34.80% in December 2024, as reported by the National Bureau of Statistics.
The National Bureau of Statistics (NBS) stated during a workshop this January that the inflation rate for December...