{"id":152195,"date":"2025-02-21T22:23:35","date_gmt":"2025-02-21T21:23:35","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigerias-inflation-drop-reflects-reality-of-consumption-patterns-cardoso"},"modified":"2025-02-21T22:23:35","modified_gmt":"2025-02-21T21:23:35","slug":"nigerias-inflation-drop-reflects-reality-of-consumption-patterns-cardoso","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-inflation-drop-reflects-reality-of-consumption-patterns-cardoso","title":{"rendered":"Nigeria\u2019s inflation drop reflects reality of consumption patterns \u2014 Cardoso"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso said Nigeria\u2019s current Consumer Price Index is reflective of the reality of consumption patterns.<\/p>\n<p>Cardoso made this known on Thursday during a press briefing at the end of the 299th Monetary Policy Meeting in Abuja.<\/p>\n<p>His comments came as Nigeria\u2019s inflation rate dropped to 24.48 percent after the CPI was rebased.<\/p>\n<p>Reacting to the development, Cardoso insisted that the apex bank will continue to work with data to drive its decisions.<\/p>\n<p>He noted that the recent CPI rebase is good for the country\u2019s economy.<\/p>\n<p>\u201cAs far as the Central Bank is concerned, we are data-driven. That will continue. Our decision matrices will be focused accordingly.<\/p>\n<p>\u201cOf course, what we have is a CPI which is more reflective of the reality of consumption patterns. And that is a good thing.<\/p>\n<p>\u201cThe previous one took account of black and white television, for example, we all know it is no longer relevant,\u201d he stated.<\/p>\n<p>Earlier, the MPC agreed to retain Nigeria\u2019s interest rate at 27.50 percent, and other parameters remained unchanged.<\/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. The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso said Nigeria\u2019s current Consumer Price Index is reflective of the reality of consumption patterns. Cardoso made this known on Thursday during a press briefing at the end of the 299th Monetary Policy Meeting in Abuja. His comments came as Nigeria\u2019s inflation [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":152194,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[11494,365,254],"class_list":["post-152195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-cardoso","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 drop reflects reality of consumption patterns \u2014 Cardoso - Nigeria<\/title>\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\/uncategorized\/nigerias-inflation-drop-reflects-reality-of-consumption-patterns-cardoso\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria\u2019s inflation drop reflects reality of consumption patterns \u2014 Cardoso\" \/>\n<meta property=\"og:description\" content=\"Africa-Press &#8211; Nigeria. The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso said Nigeria\u2019s current Consumer Price Index is reflective of the reality of consumption patterns. Cardoso made this known on Thursday during a press briefing at the end of the 299th Monetary Policy Meeting in Abuja. His comments came as Nigeria\u2019s inflation [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigerias-inflation-drop-reflects-reality-of-consumption-patterns-cardoso\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-21T21:23:35+00:00\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigerias-inflation-drop-reflects-reality-of-consumption-patterns-cardoso#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigerias-inflation-drop-reflects-reality-of-consumption-patterns-cardoso\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigeria\u2019s inflation drop reflects reality of consumption patterns \u2014 Cardoso\",\"datePublished\":\"2025-02-21T21:23:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigerias-inflation-drop-reflects-reality-of-consumption-patterns-cardoso\"},\"wordCount\":203,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigerias-inflation-drop-reflects-reality-of-consumption-patterns-cardoso#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/02\/sm_1740164377.547384.jpg\",\"keywords\":[\"Cardoso\",\"inflation\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigerias-inflation-drop-reflects-reality-of-consumption-patterns-cardoso#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigerias-inflation-drop-reflects-reality-of-consumption-patterns-cardoso\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigerias-inflation-drop-reflects-reality-of-consumption-patterns-cardoso\",\"name\":\"Nigeria\u2019s inflation drop reflects reality of consumption patterns \u2014 Cardoso - 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