Nigeria’s headline inflation has dropped to 24.48 per cent year on year in January 2025, as against the December 2024 rate of 34.80 per cent.

Announcing this at a briefing yesterday, the Statistician-General of the Federation, Adeyemi Adeniran, said the All-Items Index, which is used to measure headline inflation for January 2025, was 110.7, resulting in a headline inflation rate of 24.48 per cent on a year-on-year basis.

Adeniran explained that urban inflation stood at 26.09 per cent while rural inflation came to 22.15 per cent, and food inflation stood at 26.08 per cent year-on-year in January, as against the 39.84 per cent year-on-year.

He also disclosed that the National Bureau of Statistics has introduced special inflation indices to its monthly Consumer Price Index report aimed at refining economic assessments.

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