NBS to ‘Normalise’ December inflation data over projected spike
The country's inflation data for December 2025 is to be normalised as a result of the projected spike in last month’s Consumer Price Index, the National Bureau of Statistics disclosed on Monday.
NBS explained that the expected spike in inflation is driven by technical base effects linked to the recent rebasing of the inflation series rather than changes in economic fundamentals.
Multiple analysts have projected a spike in the headline inflation for December on the back of base effects. Projections ranged from 31.4–32.4 per cent year-on-year.
Providing the official position of the Bureau, Statistician General of the Federation and Chief Executive Officer of NBS, Adeyemi Adeniran, explained that the projected December spike stems from the rebasing of the CPI, which adopted 2024...


















