New Way of Measuring Inflation: What Changed and Why It Matters to Nigerians

African Currents
27/03/2025 32 min Temporada 1 Episodio 74
New Way of Measuring Inflation: What Changed and Why It Matters to Nigerians

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Episode Synopsis

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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