In May 2025, Nigeria's inflation rate was announced at 22.97 percent, down dramatically from the previously reported 33.69 percent the month before. The cause? Not a sweeping policy miracle or sudden structural transformation, but rather a rebasing of the Consumer Price Index (CPI) by the National B
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
