The National Bureau of Statistics, NBS, has dropped outdated consumption habits that no longer reflect how Nigerians live and spend, following a long-overdue rebasing of the Consumer Price Index, CPI.
Speaking at a virtual stakeholder engagement on the December 2025 inflation figure, organised with the Nigerian Economic Summit Group, NESG, the Statistician-General of the Federation and Chief Executive Officer of NBS, Mr Adeyemi Adeniran, said the overhaul was necessary to align inflation measurement with present-day realities.
