National Bureau of Statistics (NBS) has revealed that the country’s headline inflation has dropped to 24.48% year on year in January 2025.
The Statistician-General of the Federation, Adeyemi Adeniran announced this today
According to him, This is a sharp decline from the 34.80% headline inflation recorded in December 2024.
He said the Consumer Price Index (CPI) which measures the rate of change in prices of goods and commodities – has declined to 24.48% year on year in January.
Adeniran who was speaking during a briefing in Abuja, explained that urban inflation stood at 26.09 per cent while rural inflation came to 22.15%.