Nigeria’s headline inflation has dropped to 24.48 percent year on year in January 2025.

This is a sharp decline from the 34.80% headline inflation recorded in December 2024.

This is according to the National Bureau of Statistics (NBS). The Statistician-General of the Federation ADEYEMI ADENIRAN announced this today.

He said the Consumer Price Index (CPI) –  which measures the rate of change in prices of goods and commodities –  has declined to 24.48per cent year on year in January.

ADENIRAN who was speaking during a briefing in Abuja, explained that urban inflation stood at 26.09 per cent while rural inflation came to 22.15 percent.