PeakNews Online
For the second consecutive month, Nigeria’s inflation rate has eased, signaling a possible peak in price pressures and a potential decline in the coming months.
According to the National Bureau of Statistics (NBS) report released on Monday, the headline inflation rate for February 2025 stood at 23.18%, down from 24.48% recorded in January, representing a 1.30% decrease within the month.
On a year-on-year basis, inflation fell by 8.52 percentage points, compared to the 31.70% recorded in February 2024. The NBS noted that the inflation figures were calculated using a different base year, but the decline indicates a slower rate of price increases than in the same period last year.
Month-on-Month Inflation Trends
The month-on-month inflation rate for February 2025 was 2.04%, reflecting the rate at which prices rose within the month.
“In February 2025, the headline inflation rate eased to 23.18%, compared to 24.48% in January 2025,” the NBS stated.
Outlook and Implications
The declining inflation trend raises optimism that price pressures may have peaked, offering potential relief for consumers. However, economic analysts caution that other factors, such as exchange rate fluctuations, fuel prices, and government policies, will continue to influence inflation trends in the coming months.
Oscar
