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Nigeria’s Inflation Slows After Data Rebase, Easing Rate Hike Pressure

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Dulue Mbachu

Dulue Mbachu, an experienced journalist, covers business and politics for Allen Dreyfus.
  • Annual inflation drops to 24.48% in January from 34.80% in December following recalculation
  • Food inflation eases as naira stabilises, prompting speculation on rate policy shift

Abuja, Nigeria – Nigeria’s annual inflation slowed in January to 24.48% from 34.80% the previous month after the National Bureau of Statistics (NBS) implemented changes to the calculation of the country’s composite price index.

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