New Way of Measuring Inflation: What Changed and Why It Matters to Nigerians
The National Bureau of Statistics has rebased Nigeria’s Consumer Price Index (CPI) from 2009 to 2024, dropping the reported inflation rate from 34.80% to 24.48%. The move aims to reflect current economic realities, improve credit rating and investor decision-making, and help policymakers tackle the cost-of-living crisis more effectively.
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