Nigeria reduces inflation rate, but the cost of living remains high. Here’s why

Nigeria reduces inflation rate, but the cost of living remains high. Here’s why

Nigeria recently rebased its consumer price index (CPI) from 2009 to 2024, leading to a significant drop in the reported inflation rate from 34.80% to 24.48%. Nigeria recently rebased its consumer price index (CPI) from 2009 to 2024, leading to a significant drop in the reported inflation rate from 34.80% to 24.48%. Economics & Business Phys.org – latest science and technology news stories

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