The Nigerian National Bureau of Statistics (NBS) revised its methodology for calculating the Consumer Price Index (CPI) in 2025 to address perceived inaccuracies.
Tied to the rebasing, experts have predicted a significant inflation rate spike from 14.5% in November to 31.2% in December.
Many stakeholders have raised concerns over whether the NBS’s plan to modify the projected figures accurately reflects true economic conditions in Nigeria.
NBS officials emphasize the importance of clear communication about these changes to stakeholders to ensure transparency.
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