1) Introduction
The Nigerian economy continues to grapple with high inflation and structural challenges, most notably insecurity, which undermine household welfare and the operating environment for businesses. The National Bureau of Statistics, (NBS), implemented significant methodological adjustments to the Consumer Price Index, (CPI), in early 2025 by rebasing the index to a 2024 base year. Since the rebasing, headline inflation has exhibited a steady disinflationary trend, declining from 24.48 percent in January 2025 to 1
