By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Times ReportersTimes Reporters
  • Home
  • News
  • Politics
  • Business
    • Economy
  • Sports
  • Entertainment
  • About Us
  • Bookmarks
Search
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Reading: Inflation Continues Downward Trend, Drops by 1.30% in February 2025
Share
Sign In
Notification Show More
Latest News
ELRA grants penalty waiver for early 2025 lease registrations
Business News
Children’s Day Celebration: Mayor of Orumba North Fetes children, tasks them on education
Metro News
NiMet SAPZ Partner to Empower Smallholder Farmers Across Agro Processing Zones
Aviation Business
Access Bank Plc, KCB Group Complete National Bank of Kenya (NBK) Transaction
Business Foreign News
Stakeholders Tasks Journalists on AI Training at the GreenLand News Lecture
Awards and Recognitions Media Metro News
Aa
Times ReportersTimes Reporters
Aa
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Search
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Have an existing account? Sign In
Follow US
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Times Reporters > Business > Inflation Continues Downward Trend, Drops by 1.30% in February 2025
BusinessNews

Inflation Continues Downward Trend, Drops by 1.30% in February 2025

Publisher
By Publisher Published March 17, 2025
Share
5 Min Read
SHARE

 

By Chidi Ugwu

The latest report released Monday by the National Bureau of Statistics (NBS) indicates that the Headline inflation rate eased to 23.18% in February 2025, relative to the January 2025 headline inflation rate of 24.48%.

- Advertisement -
Ad image

NBS noted that looking at the movement, the February 2025 Headline inflation rate showed a decrease of 1.30% compared to the January 2025 Headline inflation rate.

According to the report, on a year-on-year basis, the Headline inflation rate was 8.52% lower than the rate recorded in February 2024 (31.70°0).

This, it noted, shows that the Headline inflation rate (year-on-year basis) decreased in February 2025 compared to the same month in the preceding year (i.e., February 2024), though with a different base year, November 2009 = 100.

Furthermore, on a month-on-month basis, the Headline inflation rate in February 2025 stood at 2.04%.

The percentage change in the average CPI for the twelve months ending February 2025 over the average for the previous twelve-month period was 30.09%, showing 3.91% points increase compared to 26.18% recorded in February 2024.

On a year-on-year basis, in February 2025, the Urban inflation rate was 25.15%, showing 8.51% points lower compared to the 33.66% recorded in February 2024. On a month-on-month basis, the Urban inflation rate was 2.40% in February 2025. The corresponding twelve-month average for the Urban inflation rate was 32.22% in February 2025. This was 4.28% points higher compared to the 27.93% reported in February 2024.

The Rural inflation rate in February 2025 was 19.89% on a year-on-year basis. This was 10.09% lower than the 29.99% recorded in February 2024. On a month-on-month basis, the Rural inflation rate in February 2025 was 1.16%.

The corresponding twelve-month average for the Rural inflation rate in February 2025 was 27.94%.

This was 3.33% points higher compared to the 24.61%. recorded in February 2024.

The Food inflation rate in February 2025 was 23.51% on a year-on-year basis. This was 14.41% lower compared to the rate recorded in February 2024 (37.92%). The significant decline in the food inflation figure is technically due to the change in the base year.

However, on a month-on month basis, the Food inflation rate in February 2025 was 1.67%. Compared to the month of January 2025, there was an observed decline in the average prices of food items like Yam tuber, Potatoes, Soya beans, Flour of maize/cornmeal, Cassava, Bambara beans (Dried), etc.

The average annual rate of Food inflation for the twelve months ending February 2025 over the previous twelve-month average was 34.74%, which was 4.67% points higher compared with the average annual rate of change recorded in February 2024 (30.07%).

The “All items less farm produces and energy” or Core inflation, which excludes the prices of volatile agricultural produces and energy, stood at 23.01% in February 2025 on a year-on year basis; a decline of 2.12% points when compared to the 25.13% recorded in February 2024.

On a month-on-month basis, the Core Inflation rate was 2.52% in February 2025. The average twelve-month annual inflation rate was 25.33% for the twelve months ending February 2025, this was 3.60% points higher than the 21.72% recorded in February 2024.

In February 2025, All Items inflation rate on a Year-on-Year basis was highest in Edo (33.59%), Enugu (30.72%), and Sokoto (30.19%), while Kaduna (15.45°o), Akwa Ibom (15.53°o), Plateau (15.74%) recorded the lowest rise in Headline inflation on Year-on-Year basis.

On a Month-onMonth basis, however, February 2025 recorded the highest increases in Sokoto (11.98°o), Kogi (11.38%), Edo (8.87%), while Kaduna (-8.83%), Ondo (-4.78° 0) and Plateau (-3.73°o) recorded the lowest rise in Month-on-Month inflation.

In February 2025, Food inflation on a Year-on-Year basis was highest in Sokoto (38.34%), Edo (35.08%), Nasarawa (33.53%), while Adamawa (12.18%), Ondo (13.66°e), and Oyo (15.55%) recorded the slowest rise in Food inflation on Year-onYear basis.

On a Month-on-Month basis, however, February 2025 Food inflation was highest in Sokoto (18.83%), Nasarawa (15.32°o), and Kogi (11.65%) while Ondo (-9.81%), Kaduna (-8.91%), and Oyo (-6.42%) recorded decline in Food inflation on Month-on-Month basis.

Like this:

Like Loading...

Related

You Might Also Like

ELRA grants penalty waiver for early 2025 lease registrations

Children’s Day Celebration: Mayor of Orumba North Fetes children, tasks them on education

NiMet SAPZ Partner to Empower Smallholder Farmers Across Agro Processing Zones

Access Bank Plc, KCB Group Complete National Bank of Kenya (NBK) Transaction

Stakeholders Tasks Journalists on AI Training at the GreenLand News Lecture

TAGGED: Bureau of Statistics, NBS

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Publisher March 17, 2025
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
Share
Previous Article EU Plans Expansion of €820mn Digital Support For Nigeria by 2025 -Mignot
Next Article NSIB, Aero Contractors Sign Landmark MoU to Enhance Aviation Safety
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
Telegram Follow

– Member of –

- Advertisement -
Ad imageAd image

Latest News

ELRA grants penalty waiver for early 2025 lease registrations
Business News June 1, 2025
Children’s Day Celebration: Mayor of Orumba North Fetes children, tasks them on education
Metro News June 1, 2025
NiMet SAPZ Partner to Empower Smallholder Farmers Across Agro Processing Zones
Aviation Business June 1, 2025
Access Bank Plc, KCB Group Complete National Bank of Kenya (NBK) Transaction
Business Foreign News June 1, 2025

You Might also Like

BusinessNews

ELRA grants penalty waiver for early 2025 lease registrations

June 1, 2025
MetroNews

Children’s Day Celebration: Mayor of Orumba North Fetes children, tasks them on education

June 1, 2025
AviationBusiness

NiMet SAPZ Partner to Empower Smallholder Farmers Across Agro Processing Zones

June 1, 2025
BusinessForeignNews

Access Bank Plc, KCB Group Complete National Bank of Kenya (NBK) Transaction

June 1, 2025
Times ReportersTimes Reporters
Follow US

© 2024 Times Reporters | Deigned by AuspiceWeb Graphics. All Rights Reserved.

  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
Join Us!

Subscribe to our newsletter and never miss our latest news!

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?
%d