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Nigeria Inflation Rate at Near 29-Year High Before Data Overhaul - BLOOMBERG

JANUARY 15, 2025


  • Consumer prices rose 34.8% in December from 34.6% in November
  • December data is last under current methodology ahead of rejig

Nigeria’s annual inflation rate climbed to a near 29-year high in December, before an overhaul of the data later this month that may lower the gauge.

Consumer prices rose 34.8%, compared with 34.6% in November, according to a statement published on the website of National Bureau of Statistics on Wednesday. The median estimate of three economists in a Bloomberg survey was 34.9%.

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