KPMG Financial Services Industry (FSI) Pulse

Nigeria’s financial landscape could be bracing for a major shift. The country’s headline and food inflation came in at 24.48% and 26.08%, respectively, in January 2025 after the much-awaited rebasing of the CPI by the National Bureau of Statistics (NBS).

These new technically adjusted figures are in stark contrast to the all-time highs of 34.80% recorded for headline inflation and 39.84% reported for food inflation in December 2024 under the old methodology with 2009 as the base year, making relative comparison nearly impossible as the basis of computation is materially different.

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