{"id":151284,"date":"2025-02-18T15:12:43","date_gmt":"2025-02-18T14:12:43","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase"},"modified":"2025-02-20T22:35:15","modified_gmt":"2025-02-20T21:35:15","slug":"nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase","title":{"rendered":"Nigeria\u2019s inflation drops massively to 24.48% after CPI rebase"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>Nigeria\u2019s inflation rate dropped massively to 24.48 percent in January 2024 from 34.80 percent in December last year after the rebased Consumer Price Index.<\/p>\n<p>The Statistician General, Prince Adeyemi Adeniran, disclosed this on Tuesday in Abuja at the launch of the rebased CPI report.<\/p>\n<p>Nigeria\u2019s inflation rose to 34.80 percent in January 2025 compared to 34.80 percent recorded in December last year.<\/p>\n<p>The National Bureau of Statistics disclosed its rebased Consumer Price Index for January released on Monday.<\/p>\n<p>He said the Consumer Price Index (CPI) \u2013 which measures the rate of change in prices of goods and commodities \u2013 has declined to 24.48 per cent year on year in January.<\/p>\n<p>Adeniran explained that urban inflation stood at 26.09 percent while rural inflation came to 22.15 percent.<\/p>\n<p>Accordingly, the report, food inflation declined to 26.08 percent in January, from 39.84 percent in December 2024.<\/p>\n<p>In a statement on the X account, NBS said, \u201cThe National Bureau of Statistics has released the rebased Consumer Price Index (CPI), reflecting an updated price reference period (base year) of 2024 and a weight reference period of 2023.<\/p>\n<p>\u201cNigeria\u2019s inflation rate for January 2024 stood at 24.48 percent year on year.<\/p>\n<p>\u201cThe food inflation rate stood at 26.08 percent; the core inflation rate stood at 22.59 percent; the urban inflation rate stood at 26.09 percent; and the rural inflation rate stood at 22.15 percent \u201c.<\/p>\n<p>This comes as the Central Bank of Nigeria Monetary Policy Committee would hold its first meeting in 2025 on February 19 and 20, 2025.<\/p>\n<p>In November 2024, MPC raised interest to 27.50 percent to bring down inflation.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Nigeria<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. Nigeria\u2019s inflation rate dropped massively to 24.48 percent in January 2024 from 34.80 percent in December last year after the rebased Consumer Price Index. The Statistician General, Prince Adeyemi Adeniran, disclosed this on Tuesday in Abuja at the launch of the rebased CPI report. Nigeria\u2019s inflation rose to 34.80 percent in January [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":151283,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,29],"tags":[15828,365,254],"class_list":["post-151284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-cpi","tag-inflation","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigeria\u2019s inflation drops massively to 24.48% after CPI rebase - Nigeria<\/title>\n<meta name=\"description\" content=\"Nigeria\u2019s inflation rate dropped massively to 24.48 percent in January 2024 from 34.80 percent in December last year aft ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria\u2019s inflation drops massively to 24.48% after CPI rebase\" \/>\n<meta property=\"og:description\" content=\"Nigeria\u2019s inflation rate dropped massively to 24.48 percent in January 2024 from 34.80 percent in December last year aft ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-18T14:12:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-20T21:35:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/02\/sm_1739879819.0559.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1263\" \/>\n\t<meta property=\"og:image:height\" content=\"842\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigeria\u2019s inflation drops massively to 24.48% after CPI rebase\",\"datePublished\":\"2025-02-18T14:12:43+00:00\",\"dateModified\":\"2025-02-20T21:35:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase\"},\"wordCount\":261,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/02\/sm_1739879819.0559.jpg\",\"keywords\":[\"CPI\",\"inflation\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase\",\"name\":\"Nigeria\u2019s inflation drops massively to 24.48% after CPI rebase - Nigeria\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/02\/sm_1739879819.0559.jpg\",\"datePublished\":\"2025-02-18T14:12:43+00:00\",\"dateModified\":\"2025-02-20T21:35:15+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Nigeria\u2019s inflation rate dropped massively to 24.48 percent in January 2024 from 34.80 percent in December last year aft ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/02\/sm_1739879819.0559.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/02\/sm_1739879819.0559.jpg\",\"width\":1263,\"height\":842,\"caption\":\"Nigeria\u2019s inflation drops massively to 24.48% after CPI rebase\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/nigeria\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nigeria\u2019s inflation drops massively to 24.48% after CPI rebase\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/\",\"name\":\"Africa Press | Nigeria | Homepage\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Nigeria\u2019s inflation drops massively to 24.48% after CPI rebase - Nigeria","description":"Nigeria\u2019s inflation rate dropped massively to 24.48 percent in January 2024 from 34.80 percent in December last year aft ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase","og_locale":"en_US","og_type":"article","og_title":"Nigeria\u2019s inflation drops massively to 24.48% after CPI rebase","og_description":"Nigeria\u2019s inflation rate dropped massively to 24.48 percent in January 2024 from 34.80 percent in December last year aft ...","og_url":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase","og_site_name":"Nigeria","article_published_time":"2025-02-18T14:12:43+00:00","article_modified_time":"2025-02-20T21:35:15+00:00","og_image":[{"width":1263,"height":842,"url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/02\/sm_1739879819.0559.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Nigeria\u2019s inflation drops massively to 24.48% after CPI rebase","datePublished":"2025-02-18T14:12:43+00:00","dateModified":"2025-02-20T21:35:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase"},"wordCount":261,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/02\/sm_1739879819.0559.jpg","keywords":["CPI","inflation","Nigeria"],"articleSection":["all news","Economy","head lines"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase","url":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase","name":"Nigeria\u2019s inflation drops massively to 24.48% after CPI rebase - Nigeria","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/02\/sm_1739879819.0559.jpg","datePublished":"2025-02-18T14:12:43+00:00","dateModified":"2025-02-20T21:35:15+00:00","author":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Nigeria\u2019s inflation rate dropped massively to 24.48 percent in January 2024 from 34.80 percent in December last year aft ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase#primaryimage","url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/02\/sm_1739879819.0559.jpg","contentUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/02\/sm_1739879819.0559.jpg","width":1263,"height":842,"caption":"Nigeria\u2019s inflation drops massively to 24.48% after CPI rebase"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drops-massively-to-24-48-after-cpi-rebase#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/nigeria\/"},{"@type":"ListItem","position":2,"name":"Nigeria\u2019s inflation drops massively to 24.48% after CPI rebase"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/nigeria\/#website","url":"https:\/\/www.africa-press.net\/nigeria\/","name":"Africa Press | Nigeria | Homepage","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","url":"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/151284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/comments?post=151284"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/151284\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media\/151283"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media?parent=151284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/categories?post=151284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/tags?post=151284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}